Canada’s main stock index slipped at the open on Monday, dragged down by utilities and communication services stocks, while investors were cautious ahead of the U.S. Federal Reserve’s policy decision later this week.
The TSX Composite deleted 22.51 points to open Monday at 19,448.68.
The Canadian dollar moved back 0.29 cents to 73.19 cents U.S.
National Bank of Canada and Canadian Imperial Bank of Commerce have dropped out as bidders for HSBC Holdings PLC’s business in Canada, while Bank of Montreal is still pursuing it.
National shares began Monday up 40 cents to $92.60. CIBC shares gained 18 cents to $61.79.
BMO, for its part, fell back $1.78, or 1.4%, to $126.02.
The TSX Venture Exchange dipped 1.13 points first thing Monday to 595.80.
All but of the 12 TSX subgroups stubbed their toes at the outset, with real-estate blundering 1.3%, utilities capsizing 1.2%, and gold fell back … Read more