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TSX Ends Lower Again

The Canadian stock market ended lower on Monday, after trading in negative territory almost right through the session, led by losses in information technology, materials, healthcare and industrial shares.

Energy stocks had a good outing after oil prices rose sharply following Saudi Arabia reiterating its support for output cuts by OPEC and other producers to prop up prices.

The benchmark S&P/TSX Composite Index ended down 40.24 points, or 0.24%, at 16,495.09, after declining to a low of 16,463.28 intraday.

On Friday, the index ended down 39.48 points, or 0.24%, at 16,535.33.

Nuvista Energy (NVA.TO) topped the list of gainers in the Energy index, rising as much as 11.35%. Ensign Energy Services (ESI.TO) gained about 10%.

MEG Energy (MEG.TO) gained 7.35%. ARC Resources (ARX.TO), Enerflex (EFX.TO), Baytex Energy (BTE.TO), Precision Drilling Corp (PD.TO), Encana Corp (ECA.TO), Tourmaline Oil Corp (TOU.TO), Crescent Point Energy (CPG.TO), Vermilion Energy (VET.TO), Canadian Natural Resources (CNQ.TO) and PrairieSky Royalty (PSK.TO) ended stronger by 2.5 to 5%.

Among the stocks in the financial section, Manulife Financial (MFC.TO) gained nearly 2%. CDN Western Bank (CWB.TO), Bank of Montreal (BMO.TO), Canadian Imperial Bank of Commerce (CM.TO), Sun Life Financial (SLF.TO), Bank of Nova Scotia (BNS.TO) and Fairfax Financial Holdings (FFH.TO) moved up 0.6 to 1.25%.

Cannabis stock CannTrust Holdings (TRST.TO) plunged 6%. Cronos Group (CRON.TO) declined 5.2%, while Aphria Inc. (APHA.TO) and Hexo Corp. (HEXO.TO) both ended lower by about 4.3%. Canopy Growth Corporation (WEED.TO) and Aurora Cannabis (ACB.TO) lost 2% and 1.3%, respectively.

Canadian Pacific Railway (CP.TO), Waste Connections (WCN.TO), Cae Inc. (CAE.TO) and Thomson Reuters (TRI.TO) were among the major losers in the industrial space.

Among technology stocks, Shopify Inc. (SHOP.TO) shed nearly 6%. BlackBerry (BB.TO) ended 3.4% down and CGI Group (GIB.A.TO) declined 2.1%.

In the materials section, Eldorado Gold (ELD.TO) declined 6.6%. Torex Gold Resources (TXG.TO), Ssr Mining (SSRM.TO), Iamgold Corp (IMG.TO), Kinross Gold Corp (K.TO), Agnico Eagle Mines (AEM.TO), Oceanagold (OGC.TO) lost 3 to 4%.

Franco-Nevada Corp (FNV.TO), Barrick Gold Corp (ABX.TO), Detour Gold (DGC.TO), B2Gold Corp (BTO.TO) and Yamana Gold (YRI.TO) also declined sharply.

U.S. Stocks ended mixed after showing a lack of direction over the course of the trading day on Monday, extending the lackluster performance seen last Friday.

While the Dow inched up 0.1%, the tech-heavy Nasdaq dipped 0.2% and the S&P 500 ended flat.

Major European markets turned in a mixed performance, while markets across the Asia-Pacific region ended mostly higher.

In commodities, West Texas Intermediate Crude oil futures for December ended up $1.33, or about 2.4%, at $57.85 a barrel.

Gold futures for December ended down $4.40, or about 0.3%, at $1,511.10 an ounce, after falling to a low of $1,505.50 intraday.

Silver futures for December ended up $0.048, at $18.167 an ounce, while Copper futures for December settled at $2.6275 per pound, up $0.0065 for the session.

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