Downtown office buildings Toronto

Canada’s main stock index failed to keep up with last week’s stellar performance by moving lower ahead of the start of what is expected to be a weak corporate earnings season.

The S&P/TSX composite index closed down 90.69 points at 14,075.94.

In New York, the Dow Jones industrial average was down 328.60 points at 23,390.77. The S&P 500 index was down 28.19 points at 2,761.63, while the Nasdaq composite was up 38.85 points at 8,192.42.

The Canadian dollar traded at US71.76¢, compared with an average of US71.51¢ on Friday.

The May crude contract was down 35 cents at $22.41 per barrel and the May natural gas contract was down at 0.9 of a cent at $1.72 per mmBTU.

The June gold contract was up $8.60 at $1,761.40 an ounce and the May copper contract was up 4.3 cents at $2.30 a pound.