Feb 11, 2019 (Baystreet.ca via COMTEX) —
Equities in Canada’s largest market failed to hold onto gains, as health-care losses left bruises over the market in general.
The S&P/TSX Composite Index dropped 64.48 points to finish Monday 15,568.85
The Canadian dollar declined 0.15 cents to 75.17 cents U.S.
Health-care stocks took the worst blows, as Aurora Cannabis gave back 38 cents, or 3.8%, to $9.57, and Canopy Growth dwindled $2.95, or 4.9%, to $57.28.
In communications, BCE dropped 28 cents to $57.06, while Rogers slid $1.01, or 1.4%, to $70.93
Industrials also suffered some losses, as the beleaguered SNC-Lavalin Group was roughed up $2.81, or 7.6%, to $33.90, after the construction and engineering firm cut its full-year profit forecast due to mining dispute in Latin America.
Canadian Pacific Railways doffed $2.20 to $263.59.
Energy stocks tried to make up for all the gloom, as Imperial Oil forged ahead 13 cents to $35.62, while Suncor Energy took on 14 cents to $42.95.
Consumer discretionary stocks also did their bit, as Canada Goose Holdings rose $1.86, or 2.5%, to $76.42. Magna International took on 40 cents to $66.76.
Tech stocks were only mildly in the green by the close, as BlackBerry gained 23 cents, or 2.1%, to $10.97.
The TSX Venture Exchange settled 3.68 points on the day to 608.26
Eight of the 12 TSX subgroups remained lower on the day, as health-care docked 2.7%, while communications fell 1.1%, and industrials slid 1%.
The four gainers were led by energy, gushing 0.8%, consumer discretionary, better by 0.3%, and information technology, eking up 0.1%.
Stocks wobbled on Monday as investors weighed the possibility of the U.S. and China striking a deal to end the ongoing tariff war.
The Dow Jones Industrial Average lost 53.22 points to 25,053.11