Toronto stocks finished lower Monday, as strength in the broader market was overshadowed by weakness in the resource sectors, despite rising commodity prices.
The S&P/TSX composite index fell 25.72, or 0.19%, to 13,625.49.
Seven of the 10 TSX main sub-groups were up.
The energy index fell 0.53%.
Light, sweet crude futures gained climbed $1.39, or 1.8%, to US$78.07.
Petro-Canada fell 56¢, or 1.02%, to $54.60.
The materials index sank 0.35%, while the gold sub-index fell off 0.01%.
Gold futures gained $2.50 to close at US$712.20 an ounce.
Goldcorp Inc. fell 15¢, or 0.55%, to $27.27.
The S&P TSX Venture Exchange fell 28.70, or 1.06%, to 2,668.37.
In New York, markets finished mixed as investors remained apprehensive about the U.S. economy’s prospects in light of recent negative reports and ahead of the U.S. Federal Reserve’s interest rate decision next week.
The Dow Jones industrial average gained 14.47, or 0.11%, to 13,127.85, the Nasdaq composite index fell 6.59, or 0.26%, to 2,559.11, and the S&P500 dipped 1.85, or 0.13%, to 1,451.70.
TSX drops modestly to start week
U.S. markets finished mixed as investors remained apprehensive
- By: Rudy Mezzetta
- September 10, 2007 September 10, 2007
- 16:06