TORONTO - On Monday, the Canadian stock market experienced a broad-based decline, led by losses in technology and base metal stocks. The S&P/TSX composite index fell nearly 130 points to close at 20,492.83.
The decline in the Canadian market coincided with a lackluster performance in U.S. stock markets, which ended essentially flat after losing steam midway through the trading day. The Dow Jones industrial average was up slightly by 6.06 points at 34,624.30 while the S&P 500 index was marginally higher by 3.21 points to 4,453.53. The Nasdaq composite also saw a minor increase of 1.90 points to stand at 13,710.24.
The Canadian dollar traded for 74.12 US cents compared with 73.93 US cents on Friday.
In commodities, the November crude contract was up by 56 cents at US$90.58 per barrel and the October natural gas contract increased by eight cents to US$2.73 per mmBTU. The December gold contract rose by US$7.20 to US$1,953.40 an ounce and the December copper contract was down two cents at US$3.78 a pound.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.