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@ the Bell: TSX starts week on a down note

Market News, Sponsored
11 December 2023 16:20 (EDT)
Stock chart arrow pointing down with a Canadian flag in the background.

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Canada’s main stock index fell slightly on Monday, tracking a drop in commodity prices. While mining and energy shares led decliners, meagre gains were harvested from the financial market, as well as tech and industrials. Investors now sit tight for key economic data and decisions from major central banks coming this week.

U.S. markets charged ahead as traders await this week’s final Federal Reserve meeting of the year for any signs on when central bankers will begin to cut interest rates.

TSX20,318.36-13.18
TSXV530.23-7.27
CSE173.71-6.21
DJIA36,404.93+157.06
NASDAQ14,432.49+28.51
S&P 5004,622.44+18.07

The Canadian dollar traded for 73.66 cents U.S. compared to 73.61 cents U.S. on Friday.

U.S. crude futures traded $0.19 higher at $71.42 a barrel, and the Brent contract added $0.26 to $76.10 a barrel.

The price of gold was down US$26.11 to US$1,981.14.

In world markets, the Nikkei was up 483.94 points to 32,791.80, the Hang Seng was down 132.88 points to 16,201.49, the FTSE was down 9.58 points to 7,554.89, and the DAX was up 35.21 points to 16,794.43.


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