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Healthcare, real estate, materials and energy sectors were among those that experienced share declines. Stocks like Qubecor Inc, Nutrien (NYSE:NTR), GFL Environmental (NYSE:GFL) Inc, Finning International, BRP (NASDAQ:DOOO) Inc, Newmont Corporation, Cameco (NYSE:CCJ) Corporation, Tourmaline Oil Corp, goeasy and Toromont Industries all reported losses.
In contrast, consumer staples shares saw an increase. Interfor Corporation, Rogers (NYSE:ROG) Communications, Fairfax Financial Holdings (OTC:FRFHF) along with Descartes (NASDAQ:DSGX) Systems Group, West Fraser Timber and George Weston all reported gains. Additionally, Kinaxis Inc., Dollarama Inc., and Thomson Reuters (NYSE:TRI) also gained between 1 to 2%.
Earlier in the day, the S&P/TSX (TSX:GSPTSE) dipped to 19,792.75 while the Dow Jones rose to 34,095.69 and the S&P 500 and Nasdaq composite climbed to 4,365.22 and 13,526.17 respectively. The Canadian dollar (TSX:CADUSD) also appreciated slightly to 73.11 US cents.
In commodity markets, December crude oil contracts were up at US$81.54/barrel, while natural gas contracts fell to US$3.29/mmBTU. Gold contracts for December traded at a decreased price of US$1,989.20/ounce while copper contracts for the same month increased to US$3.71/pound.
Despite the mixed performance of various sectors and stocks on Monday, the Ivey Purchasing Managers Index signaled a third consecutive month of modest economic expansion in Canada.
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