Stock markets in North America moved in opposite directions on Monday as broad-based losses weighed on Canada’s benchmark index.
TORONTO - Stock markets in North America moved in opposite directions on Monday as broad-based losses weighed on Canada’s benchmark index.
Philip Petursson, chief investment strategist at IG Wealth Management, said it wasn’t clear why Canadian and U.S. markets were diverging, but that it may have to do with the shortened week in Canada and the U.S., with traders “closing out some positions.”
Stock markets in Canada and the U.S. moved lower on Monday as oil prices jumped following a weekend of attacks in the Middle East.
Commodities stocks weighed on Canada’s benchmark index, while tech stocks south of the border pulled Wall Street lower.
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Canada's main stock index finished in negative territory while tech stocks weighed on U.S. markets.
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