Canada’s main stock index was back in the red on Monday. The TSX was weighed down by losses in the energy sector as the price of oil moved lower. The financial, industrial, telecom, and utilities closed higher.
Wall Street’s main indexes also moved lower as China warned it was facing its most intense test of the COVID-19 pandemic. Closer to home, this reignited concerns about slowing growth.
Today in the Markets
The Canadian dollar traded for 74.32 cents US, compared to 74.73 cents US on Friday.
US crude futures traded $0.34 lower at $79.74 a barrel, while the Brent contract also lost $0.34 to $87.28 a barrel.
The price of gold was down US$13.82 to US$1,738.48.
In world markets, the Nikkei was up 45.02 points to 27,944.79, the Hang Seng was down 336.63 points to 17,655.91, the FTSE was down 8.67 points to 7,376.85, and the DAX was down 51.93 points to 14,379.93.
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