Equities in Canada’s largest centre fell backwards by the end of business on Monday, as weakness in gold and other resources anchored the index.
The TSX Composite Index lost 85.92 points to close Monday at 33,818.19.
The Canadian dollar pushed higher 0.25 cents at 73.36 cents U.S.
Work has not halted to bridge gaps between the U.S. and Iran, sources from mediator Pakistan said, despite failure of face-to-face diplomacy after President Donald Trump called off his envoys' trip and said Iran should call when it wants a deal.
Shares of miners weighed the most ?on the index. B2Gold fell 58 cents, or 8.6%, to $6.18, while Avino Silver and Gold Mines docked 19 cents, or 2%, to $9.28.
Wheaton Precious Metals docked $4.32, or 2.3%, to $186.15, while Fortuna Mining retreated 27 cents, or 1.9%, to $13.74.
Consumer staples also got bruised, most notably, Maple Leaf Foods, sliding 85 cents, or 2.8%, to $29.62, while Loblaw Companies sank 90 cents, or 1.4%, to $61.77.
Energy stocks tried to bring things up with ARC Resources rocketing $5.45, or 21.2%, to $31.22, while Kelt Exploration progressed $1.15, or 13.5%, to $9.68.
In tech issues, Celestica towered $15.74, or 2.8%, to $576,75, while Docebo captured 46 cents, or 1.8%, to $25.42.
In real-estate, Altus Group gained $1.26, or 2. 8%, to $46.93, while Colliers International jumped 53 cents to $149.41.
ON BAYSTREET
The TSX Venture Exchange regained 9.29 points to 1,020.69.
All but three of the 12 TSX subgroups were lower on the session, weighed most by gold stocks, dulling 2%, while materials lost 1%, and consumer staples faded 0.8%.
The three gainers were, up 2.4%, information technology, ahead 0.7%, and real-estate, inching ahead 0.1%.
ON WALLSTREET
The S&P 500 rose to a fresh record high on Monday, but gains were limited as stalled Iran peace talks and a fresh escalation in the Strait of Hormuz pushed oil prices higher.
The Dow Jones Industrial Average lost 62.67 points to 49,168.04.
The much broader index gained 8.83 points to 7,173.91.
The NASDAQ changed direction and jumped 50.5 points to 24,887.10.
U.S. President Donald Trump on Saturday scrapped plans to send U.S. special envoy Steve Witkoff and Jared Kushner to Pakistan for ceasefire talks related to Iran, noting the negotiations could happen by phone.
“Too much time wasted on traveling, too much work!” the president wrote in a post on Truth Social. “Nobody knows who is in charge, including them. Also, we have all the cards; they have none! If they want to talk, all they have to do is call!!!”
Iran’s Foreign Ministry spokesperson Esmaeil Baqaei said no meeting between Tehran and Washington is currently planned.
Qualcomm changed direction and gained 30 cents to $149.15, after TF International Securities analyst Ming-Chi Kuo said in a post on X that
OpenAI is working with Qualcomm to develop smartphone processors.
Prices for the 10-year Treasury turned lower, eking yields up to 4.33% from Friday’s 4.31%. Treasury prices and yields move in opposite directions.
Oil prices increased $2.09 to $96.49 U.S. a barrel.
Gold prices slid $45.10 to $4,695.80 U.S. an ounce.
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