Canada’s TSX index shifted lower on Monday driven down by energy and materials stocks – representing over 25 per cent of constituents – falling in response to weaker commodity prices and a rising U.S. dollar.
Investors have their sights set on earnings reports from Royal Bank of Canada, National Bank of Canada and TD Bank this week.
In U.S. markets, the Nasdaq and the S&P 500 managed gains thanks to a boost from technology, communication services and consumer discretionary stocks. Friday’s monthly payrolls report will play a key role in the Federal Reserve’s decision at its next policy meeting on Dec. 17.
The Canadian dollar traded for 71.14 cents U.S. compared to 71.38 cents U.S. on Friday.
U.S. crude futures traded US$0.16 higher to US$68.16 per barrel, and the Brent contract rose US$0.08 to US$71.91 per barrel.
The price of gold was up US$19.20 to US$2,661.80.
In world markets, the Nikkei was up by 304.99 points to 38,513.02, the Hang Seng was up by 126.68 points to 19,550.29, the FTSE was up by 25.59 points to 8,312.89, and the DAX was up by 307.17 points to 19,933.62.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top image, generated by AI: Adobe Stock)