Canada’s main stock index came out of the Labour Day long weekend enduring the equivalent of a hangover. Sustaining losses among materials and energy stocks, investors now look to the Bank of Canada’s monetary policy decision on Wednesday.
U.S. markets also fell into the red as new economic data sparked new fears around the economy’s health and technology stocks dropped.
The Canadian dollar traded for 73.79 cents U.S. compared with 74.19 cents U.S. on Friday.
U.S. crude futures traded $3.26 lower at $70.29 a barrel, and the Brent contract lost $3.79 to $73.73 a barrel.
The price of gold was down US$4.64 to US$2,492.34.
In world markets, the Nikkei was down 14.56 points to 38,686.31, the Hang Seng was down 40.48 points to 17,651.49, the FTSE was down 65.38 points at 8,298.46, and the DAX was down 183.74 points to 18,747.11.
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(Top image generated with AI)