The final quarter of 2023 began on a dim note for Canada’s main stock index, which continued its decline on Monday. Dragged down by gold prices, the energy, financial, and utilities sectors also contributed to the TSX’s lower close. Traders assessed September factory data to get a clearer picture on the health of the economy.
U.S. stocks saw little movement after legislators narrowly avoided a government shutdown with a last-minute compromise over the weekend.
The Canadian dollar traded for 73.14 cents U.S., compared to 73.64 cents U.S. on Friday.
U.S. crude futures traded $2.07 lower at $88.72 a barrel, and the Brent contract lost $1.67 to $90.53 a barrel.
The price of gold was down US$18.37 to US$1,830.07.
In world markets, the Nikkei was down 97.74 points to 31,759.88, the Hang Seng remained at 17,809.66, the FTSE was down 97.36 points to 7,510.72, and the DAX was down 139.37 points to 15,247.21.
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