Canada’s main stock index fell on Monday after hitting a record high in the previous session as traders booked profits after a recent rally fuelled by cooling U.S.-China trade tensions and an improving global outlook.
* At 9:37 a.m. ET (1437 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 55.41 points, or 0.32%, at 17,112.8.
* The stock index has followed its global counterparts higher this month as investor sentiment turned rosy after the announcement of an initial U.S.-China trade deal and upbeat economic indicators from around the world.
* The energy sector climbed 0.5% on Monday as U.S. crude prices rose 0.8%, while Brent crude added 1.1%.
* But the financials sector slipped 0.3% in a holiday-shortened week, while the industrials sector fell 0.5%. Volumes are expected to stay thin until the first full week of January.
* The materials sector, which includes precious and base metals miners and fertilizer companies, remained unchanged as gold futures fell 0.1% to $1,512.3 an ounce.
* On the TSX, 107 issues were higher, while 120 issues declined for a 1.12-to-1 ratio to the downside, with 9.62 million shares traded.
* The largest percentage gainers on the TSX were Aurora Cannabis, up 2.8%, and Frontera Energy Corp, up 2.4%.
* Shopify Inc fell 1.8% to the bottom of the TSX, while the second biggest decliner was Colliers International Group Inc.
* The most heavily traded shares by volume were Aurora Cannabis, Bank of Nova Scotia and TC Energy Corp.
* Six stocks posted new 52-week highs on the TSX, while one stock touched a new low.
* Across all Canadian issues there were 24 new 52-week highs and six new lows, with total volume of 19.32 million shares.