Toronto stocks closed lower Monday, as investors were in a cautious mood ahead of the U.S. Federal Reserve’s interest rate decision.
The S&P/TSX composite index fell 36.55, or 0.26%, to 13.809.86.
Nine of the 10 TSX main sub-groups were down.
The energy index moved up a modest 0.15%.
Light, sweet crude for October delivery rose $1.47 at US$80.57 a barrel.
EnCana Corp. lost 30¢, or 0.47%, to $63.84.
The materials index fell 0.12%, while the gold sub-index fell 0.13%.
Gold futures climbed $6 to close at US$723.80 an ounce.
Iamgold Inc. rose 10¢, or 1.25%, to $8.13.
The information technology index gained 0.85%.
The Canadian dollar rose 0.20 of a cent to US97.24¢.
The S&P TSX Venture Exchange dipped 6.25, or 0.23%, to 2,749.28.
In New York, markets fell on thins trading ahead of the Fed’s interest rate decision.
The Dow Jones industrial average fell 39.10, or 0.29%, to 13,403.42, the Nasdaq composite index fell 20.52, or 0.79%, to 2,581.66 and the S&P500 dropped 7.60, or 0.51%, to 1,476.65.
TSX falls ahead of U.S. Fed decision
C$ inches closer to parity, closing at US97.24¢, while oil closes above US$80 a barrel
- By: Rudy Mezzetta
- September 17, 2007 September 17, 2007
- 16:19