RAI verdict in focus
Canadian stocks opened lower on Monday amid investor concerns over the situation in
The S&P/TSX composite index hesitated 21.50 points to begin the day and week at 15,245.07
The Canadian dollar slipped
A Canadian National Railway train derailed in
Encana Corp. may sell its
All but two of the 14 Toronto subgroups were lower at the outset, as gold and energy each slid 0.4%, and materials shed 0.3%.
The two gainers were health-care, up 0.8%, and industrials, inching up 0.2%.
Stocks are off to a rough start Monday after last week's geopolitical shocks in
The Dow Jones Industrials skidded 90.83 points to 17,009.35.
The S&P 500 fell 8.15 points to 1,970.07, and the NASDAQ composite demurred 17.84 points to 4,414.31
Tobacco stocks are wilting in the face of a potential
Reynolds American fell 2.6% in early trading, and Lorillard, which Reynolds agreed to buy last week, is down 2%. Philip Morris shares fell nearly 1%, and Altria Group was down about 1.5%.
Fast food giants McDonald's and Yum! Brands,which runs KFC,
McDonald's' cut ties to a meat supplier after supposedly buying tainted beef and Yum did the same when it ran into tainted chicken. Yum shares are down 2.8% in early trading and McDonald's stock is off 0.6%.
Prices for 10-year U.S. Treasuries gained bit of ground, lowering yields to 2.47% from Friday's 2.48%. Treasury prices and yields move in opposite directions.
Oil prices gained
Gold prices added
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