Equities in Toronto stepped back by the close Monday, even though consumer and financial stocks showed some strength.
The TSX backpedaled 43.95 points to close Monday at 31,483.44.
The Canadian dollar dipped 0.17 cents at 72.61 cents U.S.
Among corporate updates, Australia's Fortescue said it would buy the remaining 64% of Alta Copper in a deal valued at $139 million. Alta shares acquired 16 cents, or 13.1%, to $1.38.
Chinese metals miner and processor CMOC Group said its unit CMOC Ltd plans to buy Leagold LatAm Holdings B.V. and Luna Gold Corp from Equinox Gold Corp for a combined $1.015 billion. Equinox shares dropped a dollar or 4.9%, to $19.23.
Energy stocks were the chief culprit Monday, with Topaz Energy trailing 75 cents or 2.7%, to $27.60, while Paramount Resources slid 63 cents, or 2.5%, to $24.57.
Among tech issues, Bitfarms sank 33 cents, or 8.4%, to $3.48, while Dye & Durham lost 39 cents, or 8.4%, to $4.25.
In the materials sector, Fortuna Silver gave back 21 cents, or 1.6%, to $12.23, while Perpetua Resources docked $2.86. or 7.2%, to $36.82.
Consumer staples tried to balance things out, with Empire Company vaulting $1.61, or 3.5%, to $47.66, while North West Company gained a dollar, or 2.1%. to $49.10.
In financial stocks, IGM traveled $1.27 higher, or 2.1%, to $61,97, while Fairfax Financials zooming $39.18, or 1,6%, to $2,488.89.
In industrials, Waste Connections soared $5.28, or 2.2%, to $242.80, while EIF took on $1.14, or 1.4%, to $83.54.
It’s a busy day on the economic beat, with manufacturing figures down 1.0% for October, driven by lower sales in the chemical, wood product and transportation equipment subsectors.
The Consumer Price Index rose 2.2% year over year in November, matching the increase from October. On a seasonally-adjusted monthly basis, the CPI rose 0.2% in November.
Housing starts climbed to 254,100 in November, compared to 232,200 in October, according to Canada Mortgage and Housing Corporation.
MLS stats for November from the Canadian Real Estate Association showed the number of home sales declined 0.6% on a month-over-month basis in November 2025, still well above April levels but mostly unchanged since July.
ON BAYSTREET
The TSX Venture Exchanged retreated 9.74 points, or 1%, to 944.87.
Seven of the 12 TSX subgroups were positive, with consumer staples up 0.9%, financials ahead 0.5%, and industrials better by 0.3%.
The five laggards were weighed most by energy, down 1.2%, while information technology faded 0.8%, and materials off 0.2%.
ON WALLSTREET
The S&P 500 ended Monday slightly lower as key stocks in the artificial intelligence trade continued to face pressure.
The Dow Jones Industrials lost 41.99 points to finish Monday at 48,416.56.
The much-broader index settled 10.9 points to 6,816.51.
The NASDAQ sank 137.76 points to 23,057.41.
Certain AI stocks bogged down the broader market during Monday’s session, with shares of Broadcom and Oracle — two names that led a rotation away from AI last week — declining more than 5% and more than 2%, respectively. Others like Microsoft also suffered some losses.
Investors moved instead to areas more sensitive to the economy, such as consumer discretionary and industrials. They also loaded up on health-care shares.
Economic data reports could set the tone for the market in the week ahead. November nonfarm payrolls figures are set for release Tuesday, along with October retail sales figures. These reports were delayed due to the U.S. government shutdown that took place in the fall.
Economists are expecting the November nonfarm payroll data to show an increase of 40,000 on the month, which would mark a significant drop from the 119,000 jobs added in September.
Prices for the 10-year Treasury moved slightly lower, raising yields to 4.18% from Friday’s 4.15%. Treasury prices and yields move in opposite directions.
Oil prices slumped 78 cents to $56.66.
Gold prices revived $5.80 to $4,334.10.
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