Canada’s main stock index fell on Monday as investors kept cautious ahead of the Bank of Canada’s interest rate decision on Wednesday. Many economists expect the central bank to trim interest rates to 4.75 per cent, followed by three further cuts this year.
U.S. markets were divided for another session, though all three major indices saw their sixth positive month in seven from the month of May, but they closed the month more than 1 per cent below their record highs. Several stocks saw their price quotes affected on the New York Stock Exchange because of a technical issue.
The Canadian dollar traded for 73.34 cents U.S. compared with 73.37 cents U.S. on Friday.
U.S. crude futures traded $2.84 lower at $74.15 a barrel, and the Brent contract lost $2.85 to $78.26 a barrel.
The price of gold was up US$23.34 to US$2,349.29. In world markets, the Nikkei was up 435.13 points to 38,923.03, the Hang Seng was up 323.43 points to 18,403.04, the FTSE was down 12.63 points to 8,262.75, and the DAX was up 110.22 points to 18,608.16.
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(Top photo: File)