TSX Composite drops on Monday; shares down at market start
Canadian equities opened lower on Monday, with the TSX Composite Index down 1.58%. The TSX Venture and Smallcap indices also fell by 1.82% and 1.42%, respectively. Top gainers included Fortuna Mining (+3.53%) and Energy Fuels Inc (+4.04%), while BRP Inc (-11.50%) and Magna Intl (-9.01%) were among the biggest losers. In commodities, Brent Oil rose by 0.59%, while gold futures increased by 28.99 points. The USD/CAD exchange rate started the week over 1.46, with the Manufacturing PMI data being the main economic event for Canada today.
Investing.com - Canadian equities started with losses on Monday. The top losers were Capped Consumer Staples, Capped Industrials and Capped Financial indices.
At the market open in Toronto, the TSX Composite Index dropped 1.58%. The TSX Venture and the TSX Smallcap were also down. The TSX Venture fell 1.82%, while the Smallcap was down by 1.42%.
Top Gainers:
- Fortuna Mining (TSX:FVI): Climbed 3.53% or 0.26 points to 7.62.
- Energy Fuels Inc (TSX:EFR): Increased 4.04% or 0.310 points to 7.980.
- SilverCrest Metals (TSX:SIL): Rose 3.09% or 0.47 points to 15.70.
Top Losers:
- BRP Inc (TSX:DOO): Dropped 11.50% or 7.99 points to 61.51.
- Magna Intl (TSX:MG): Fell 9.01% or 5.19 points to 52.43.
- Bombardier Inc (TSX:BBDb): Declined 8.17% or 6.950 points to 78.100.
In Commodities Trading:
- April Brent Oil Contract climbed by 0.59% or 0.45 points to 76.12 a barrel.
- Crude Oil for March delivery fell 0.68 points to 73.21 a barrel.
- Gold Futures for April delivery climbed 28.99 points to 2,863,99 a troy ounce.
Currency Markets:
- USD/CAD started the week over 1.46.
- EUR/CAD is trading at 1.5038.
- The US Dollar Index Futures was up 0.89% at 109.180.
Economic Calendar Events
Today's main economic event for Canada is the Manufacturing PMI data.
This content was originally published on Investing.com
