Year-end market positioning pushed Canada's main stock index lower on a low-volume day at the Toronto Stock Exchange on Monday.
With the new year looming, investors were clearing the decks and getting ready for 2020, said Craig Jerusalim, senior portfolio manager for CIBC Asset Management.
In Toronto, the S&P/TSX composite index was down 69.65 points at 17,098.56, giving up some of its recent gains that resulted in a string of record highs. The Canadian dollar was at 76.58 cents US on Monday, compared with Friday's average of 76.46 cents US. The February crude contract was down 13 cents at US$61.59 and the February natural gas contract was down 4.3 cents at US$2.19 per mmBTU.
Energy and mining stocks gained Monday in Toronto, while financial, health care, technology, industrials, telecoms and utilities sectors fell.
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