Equities in Canada’s main stock index moved down on Monday, as gains led by industrial stocks were stifled by losses among mining, energy, and heath care shares. Investor caution still looms ahead of major central bank meets this week. Chinese and German markets were closed for Labour Day, while UK markets were closed for the bank holiday.
US markets were in the red as traders bet the sale of First Republic to JPMorgan Chase (JPM) had contained the regional banking crisis that has stressed markets since March.
The Canadian dollar traded for 73.88 cents US, compared to 73.83 cents US on Friday.
US crude futures traded $1.42 lower at $75.36 a barrel, and the Brent contract lost $1.41 to $78.92 a barrel.
The price of gold was down US$4.82 to US$ 1,982.05.
In world markets, the Nikkei was up 266.74 points to 29,123.18, the Hang Seng remained at 19,894.57, the FTSE remained at 7,870.57, and the DAX remained at 15,922.38.
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