Augusta, Hudbay in focus
The S&P/TSX composite index faltered 71.43 to begin the day at 14,693.72
The Canadian dollar was stronger
Regulators on Friday gave
RBC raised the target price on Canadian Tire to
All but two of the 14 Toronto subgroups started the week in negative territory, most notably metals and mining, down 1.2%, consumer staples, down 1% and global base metals, off 0.9%.
The two lonely gainers were gold, up 0.2%, and telecoms, scraping by a mere 0.02%.
It's looking like an ugly start to the week on
The Dow Jones Industrial Average forfeited 76.96 points to begin Monday 16,435.93
The S&P 500 dipped 5.66 points to 1,875.48, and the NASDAQ composite index stumbled 7.72 points to 4,116.18.
Perhaps there is good reason for the pessimism. Target said Monday that
Chief Financial Officer
Earnings season is winding down, but a few more quarterly releases remain on the docket this week. Tyson Foods shares took a dive after the company reported first quarter earnings that fell short of analyst estimates.
Pfizer sank after the pharmaceutical giant reported slightly better than expected earnings, but it's clear the company is struggling in its traditional drug business.
That might explain why Pfizer is so keen to buy British pharmaceutical company AstraZeneca despite that company's rejection of Pfizer's most recent offer of
JP Morgan shares dipped Monday after the nation's largest bank by assets said Friday that it expects a 20% drop in trading revenue in the second quarter.
Like many of its rivals, the
Prices for 10-year U.S. Treasuries eked lower, raising yields to 2.60% from Friday's 2.59%. Treasury prices and yields move in opposite directions.
Oil prices gave back
Gold prices strengthened
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