Coming out of the Canada Day long weekend, markets trading in Toronto traded gains and losses, struggling from a drop in commodity prices. However, an in-line reading of new domestic manufacturing data kept losses in check.
U.S. markets also stumbled, but came out higher as Federal Reserve Chairman Jerome Powell reported progress on inflation, and he reiterated that the central bank is not ready to cut rates.
The Canadian dollar traded for 73.10 cents U.S. compared with 73.05 cents U.S. on Friday.
U.S. crude futures traded $0.48 lower at $82.90 a barrel, and the Brent contract lost $0.25 to $86.35 a barrel.
The price of gold was down US$3.06 to US$2,329.18.
In world markets, the Nikkei was up 443.63 points to 40,074.69, the Hang Seng was up 50.53 points to 17,769.14, the FTSE was down 45.56 points to 8,121.20, and the DAX was down 126.60 points to 18,164.06.
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(Top photo: File)