TSX Slides to Begin Week
Canada''s main stock index opened lower on Monday, as energy stocks tracked weakness in crude prices sparked by fresh COVID-19 outbreaks across Asia, while sentiment across global markets was subdued on inflation pressures. Futures for Canada''s main stock index fell on Monday, tracking weakness in crude prices, while sentiment across global markets was subdued on inflation pressures. The TSX dropped 21.74 points to open Monday at 19,344.95. The Canadian dollar regrouped 0.11 cents Monday to 82.66 cents U.S. Centerra Gold said on Sunday it had initiated binding arbitration against Kyrgyzstan government, after the parliament passed a law allowing the state to temporarily take over the country''s biggest industrial enterprise, the Kumtor gold mine operated by Centerra. Shares in Centerra were static at $8.64. ATB Capital Markets raised the rating on Bombardier to "speculative buy" from "sector perform. Bombardier shares gained three cents, or 3.5%, to 90 cents. National Bank of Canada raised the rating on Pan American Silver to "outperform" from "sector perform. Pan Am shares gathered 85 cents, or 2.3%, to $38.31.
TSX Slides to Begin Week
Canada''s main stock index opened lower on Monday, as energy stocks tracked weakness in crude prices sparked by fresh COVID-19 outbreaks across Asia, while sentiment across global markets was subdued on inflation pressures. Futures for Canada''s main stock index fell on Monday, tracking weakness in crude prices, while sentiment across global markets was subdued on inflation pressures. The TSX dropped 21.74 points to open Monday at 19,344.95. The Canadian dollar regrouped 0.11 cents Monday to 82.66 cents U.S. Centerra Gold said on Sunday it had initiated binding arbitration against Kyrgyzstan government, after the parliament passed a law allowing the state to temporarily take over the country''s biggest industrial enterprise, the Kumtor gold mine operated by Centerra. Shares in Centerra were static at $8.64. ATB Capital Markets raised the rating on Bombardier to "speculative buy" from "sector perform. Bombardier shares gained three cents, or 3.5%, to 90 cents. National Bank of Canada raised the rating on Pan American Silver to "outperform" from "sector perform. Pan Am shares gathered 85 cents, or 2.3%, to $38.31.