After hitting a record high, Canada’s TSX index gave back some of last week’s gains on Monday because of pessimism in utility, industrial and technology stocks, signaling trepidation about a Bank of Canada rate cut on Wednesday.
In the U.S., the S&P 500 and the Nasdaq also retreated, hindered by a pullback in technology stocks, casting a shadow over inflation data later this week.
| TSX | 25,625.42 | -66.38 |  |
| TSXV | 614.75 | +4.53 |  |
| CSE | 136.77 | -0.91 | |
| DJIA | 44,401.93 | −240.59 | |
| NASDAQ | 19,736.69 | -123.084 | |
| S&P 500 | 6,052.85 | −37.42 | |
The Canadian dollar traded for 70.77 cents U.S. compared to 70.74 cents U.S. on Friday.
U.S. crude futures traded US$0.95 higher to US$68.15 per barrel, and the Brent contract fell by US$0.24 to US$71.90 per barrel.
The price of gold was up by US$23.40 to US$2,683 per ounce.
In world markets, the Nikkei was up by 69.33 points to 39,160.50, the Hang Seng was up by 548.24 points to 20,414.09, the FTSE was up by 43.47 points to 8,352.08, and the DAX was down by 38.65 points to 20,345.96.
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(Top image: Adobe Stock)