Canadian stocks were ticking lower Monday morning amid steady commodities and positive cues from the global equity markets. Trader sentiment improved after opinion polls published over the weekend suggested pro-austerity parties are likely to win elections next month in Greece, raising hopes that the country will stay in the euro common currency. Greek polls showed growing support for pro-bailout parties.
However, stocks were pressured amid lack of cues from south of the border, as the U.S. stock markets were closed for Memorial Day holiday.
The S&P/TSX Composite Index eased 39.75 points or 0.34 percent to 11,536.72, after gaining nearly 300 points or 3 percent in the past four sessions.
Energy stocks were in the green as the price of crude oil was adding $0.58 to $91.44 a barrel. In the oil patch, Paramount Resources (POU.TO) rose close to 6 percent. Baytex Energy Corp. (BTE.TO), Imperial Oil (IMO.TO) and Husky Energy (HSE.TO) gathered about 2 percent each.
Meanwhile, gold stocks were paring recent gains even as the price of bullion remained steady. The price of gold edged up $4.50 to $1,573.40 an ounce.
Goldcorp. (G.TO) and Barrick Gold (ABX.TO) were down over 2 percent each.
Among financial stocks, Royal Bank (RY.TO) slipped 0.50 percent. The lender said it has resolved several tax matters and would release nearly $130 million of tax uncertainty provisions recorded earlier.
TD Bank (TD.TO) was down close to 1 percent.
Medical software solutions provider Medipattern Corp. (MKI.V) said it would acquire MyTrak Health System Inc. for $4-million. The stock lost 7 percent, paring 14 percent gains made in the previous session.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.