Equities in Canada’s largest market engaged in a nose-dive to begin the week and end August, as gold and silver gains were swallowed by losses in energy.
The TSX tumbled 283.44 points to 36,270.48.
The Canadian dollar regrouped 0.22 cents to 72.16.
Technology stocks withered with e-commerce giant Shopify at the bottom of the benchmark index. Shopify tumbled $8.15, or 3.8%, to $204.27.
Gold stocks got clobbered, particularly Kinross Gold, bruised $2.65, or 5.9%, to $42.44, while Centerra Gold sank 83 cents, or 2.6%, to $31.76.
The materials sector fell, tracking a dip in prices of precious and base metals. Ero Copper got punished $2.42, or 4.5%, to $51.57, while Lundin Mining dipped $1.73, or 4.5%. to $51.57.
In real-estate, units of Allied Properties REIT chucked 30 cents, or 3.4%, to $8.50, while Colliers International collapsed $3.64, or 2.6%, to $139.25.
Energy stocks pulled higher, as Parex Resources gathered 66 cents, or 2.4%, to $28.53, while Vermillion Energy collected 41 cents, or 2.4%, to $17.77.
In communications, Rogers gained 28 cents to $51.13, while BCE gained 12 cents to $32.68.
The U.S. attacked Iran's Larak Island in the Strait of Hormuz on Sunday and Tehran.
ON BAYSTREET
The TSX Venture Exchange retreated 6.65 points to 982.51.
All but two of the 12 TSX subgroups ended the day in the red, weighed by gold, materials and real-estate, each down 1.6%.
The two gainers were energy, rumbling 1%, and telecoms, off 0.1%.
ON WALLSTREET
Stocks fell on Monday after the U.S. and Iran traded fire for the first time in a month, though the major averages were still pacing to close out August with gains.
The Dow Jones Industrials plunged 373.67 points to 53,186.32.
The S&P 500 dropped 25.38 points to 7,636.38.
The NASDAQ Composite lost 31.53 points to 26,370.89, dragged down by losses in Goldman Sachs and Alphabet
The Dow is up more than 1% month to date, putting the index on track for its fifth consecutive monthly advance. The S&P 500 and NASDAQ were headed for their first one-month increases since May.
The S&P was up about 2%, the NASDAQ ahead 3%, Both the S&P 500 and Dow also reached all-time highs earlier in August.
Investors will get more insight into the state of the economy this week, with the August jobs report due Friday morning. Monthly manufacturing and services sector data is also on deck.
On Sunday, U.S. Central Command confirmed to MS NOW that the U.S. struck two rocket launchers on Iran’s Larak Island.
Sunday’s attack was the first publicly acknowledged U.S. strike on Iranian positions since late July, with Iranian state media reporting that Tehran had attacked U.S. bases in Jordan in retaliation.
Prices for the 10-year Treasury were down slightly, raising yields to 4.74% from Friday’s 4.73%. Treasury prices and yields move in opposite directions.
Oil prices vaulted $2.49 to $85.89 U.S. a barrel.
Gold prices flopped $31.90 to $4,498.00 U.S. an ounce.
