Mounting losses endured by the industrial, energy, and mining sectors pressured Canada’s main stock index to a lower close on Cyber Monday. However, the tech sector provided what gains it could. Traders are bracing for a deluge of global economic data and domestic big bank earnings later in the week.

Ahead of a busy week for economic indicators and U.S. Federal Reserve commentary, Wall Street markets were also lower, coming off a fourth consecutive winning week for all three major averages. Stocks have rallied since the 10-year Treasury yield stepped back from the 5 per cent mark it briefly hit late last month. Even so, retailers are warning that consumer spending is weakening.

S&P 5004,554.82-4.52S&P 500

The Canadian dollar traded for 73.42 cents U.S., compared to 73.37 cents U.S. on Friday.

U.S. crude futures traded $0.63 lower at $74.91 a barrel, and the Brent contract lost $0.60 to $79.98 a barrel.

The price of gold was up US$11.70 to US$2,014.22.

In world markets, the Nikkei was down 177.86 points to 33,447.67, the Hang Seng was down 34.36 points to 17,525.06, the FTSE was down 27.50 points to 7,460.70, and the DAX was down 63.12 points to 15,966.37.

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