(CORRECTS MONDAY FOR FRIDAY)
Canada's main stock index opened on the downside on Monday amid retreating oil prices, weakness in gold miners and signs of easing tensions in the Middle East.
The TSX Composite Index decreased 65.27 points to begin Monday at 35,209.57
The Canadian dollar eked down 0.12 cents to 70.27 cents U.S.
ON BAYSTREET
The TSX Venture Exchange was down 7.44 points to 930.84.
Seven of the 12 subgroups were lower in the first hour, weighed most by materials, down 2.3%, gold, off 2%, and health-care, skidding 1.8%.
The five gainers were led by financials, ahead 0.5%, telecoms, up 0.4%, and industrials, eking up 0.2%.
ON WALLSTREET
The S&P 500 and NASDAQ Composite maintained their positive momentum on Monday following a strong week on Wall Street.
The Dow Jones Industrials ditched 142.17 points to 52,757.90.
The much-broader took on 38.17 points to 7,521.41.
The tech-heavy NASDAQ restored 269.38 points, or 1%, to 26,102.05.
Techs climbed led by a 10% jump in Western Digital and an 8% jump in Teradyne. Marvell Technology hiked more than 5% and Oracle also gained more than 1%.
Traders this week will turn their eyes to the Federal Reserve, with the minutes of the June meeting — the first led by new Chairman Kevin Warsh — due Wednesday.
Prices for the 10-year Treasury gained a bit of ground, lowering yields to 4.48% from Thursday’s 4.49%. Treasury prices and yields move in opposite directions.
Oil prices inched up five cents to $68.74 U.S. a barrel.
Gold prices climbed $28.80 to $4,154.50 U.S. an ounce.
