It’s a new week, but the same sell-off for Canada’s main stock index. The TSX logged a performance nearly as poor as how it closed Friday, which was its worst day in nearly two months. Only the mining sector saw gains.
Markets south of the border also sunk, falling further from their sell-off last week. Markets on both sides of the border are struggling to cope with rising inflation data and the escalating conflict in the Middle East. Also on the minds of investors, a historic New York criminal trial began on Monday for former U.S. President Donald Trump, who allegedly falsified business records and unlawfully influenced the 2016 presidential election.
The Canadian dollar traded for 72.55 cents compared with 72.59 cents U.S. on Friday.
U.S. crude futures traded $0.03 lower at $85.63 a barrel, and the Brent contract lost $0.13 to $90.32 a barrel.
The price of gold was up US$19.66 to US$2,384.65.
In world markets, the Nikkei was down 290.75 points to 39,232.80, the Hang Seng was down 121.23 points to 16,600.46, the FTSE was down 35.95 points to 7,959.63, but the DAX was up 72.89 points to 18,003.21.
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