TSX slips as oil eases, investors brace for U.S. rate hike [Business News Network (BNN) Energy & Resources (Canada)]
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Source: Business News Network
TSX slips as oil eases, investors brace for U.S. rate hike Canada's main stock index fell on Monday, led by the materials and energy sectors as oil prices slipped, and investors were cautious ahead of a near-certain U.S. interest rate hike this week. At 9:48 a.m. ET (1348 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index fell 57.83 points, or 0.37 per cent, to 15,653.5. Oil prices eased on Monday after rallying at the end of last week, but tensions between Saudi Arabia and Iran helped limit losses. The TSX posted no new 52-week highs and one new low. Across all Canadian issues there were 6 new 52-week highs and 8 new lows. The largest percentage gainer on the TSX was Canopy Growth Co ( WEED.TO ), which rose 3.4 per cent, while the largest decliner was First Quantum Min ( FM.TO ), down 3.3 per cent. Among the most active Canadian stocks by volume were Neovasc Inc (NVCN.TO), up 2.9 per cent at $0.18; Klondex Mines ( KDX.TO ), up 66.7 per cent at $11.07. Gold miner Klondex was u
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