Toronto stocks fell Monday, as a drop in the technology sector overshadowed gains in the energy and materials indices. The Canadian dollar fell below parity with the U.S. dollar.
The S&P/TSX composite index fell 31.95, or 0.23%, to 13,657.17.
Half of the 10 TSX main sub-groups were down on the session
The information technology group sank 2.22%.
Research in Motion Inc. fell $9.07, or 7.97%, to $104.76 on an analyst’s downgrade.
The energy index gained 0.41%.
Light, sweet crude oil for January delivery advanced 60¢, or 0.70%, at US$89.31 a barrel.
Imperial Oil moved up $1.04, or 2.16%, to $49.19.
The materials group gained 1.18%, while the gold sub-index moved up 0.96%.
Gold futures gained $5.60 to US$794.70 an ounce.
Kinross Gold Corp. gained 72¢, or 4.18%, to $17.94.
The Canadian dollar fell 0.02 of a cent to US99.98¢.
The S&P TSX Venture Exchange lost 19.58, or 0.72%, to 2,717.40.
In New York, markets were down as investors remained concerned about the weakness in the U.S. housing market.
The Dow Jones industrial average lost 57.15, or 0.43%, to 13,314.57, the Nasdaq composite index fell 23.83, or 0.90%, to 2,637.13, and the S&P 500 gave up 8.72, or 0.59%, to 1,472.42.
TSX dips on tech sector drop
U.S. markets fall on worries related to weak housing sector
- By: Rudy Mezzetta
- December 3, 2007 December 3, 2007
- 17:16