Canada’s main stock index was subdued at the market open on Monday as investors remained cautious ahead of U.S. economic data and the Bank of Canada’s monetary policy decision this week, while gains in materials stocks limited declines.
The TSX Composite docked 44.27 points to open Monday at 21,508.08.
The Canadian dollar dipped 0.11 cents to 73.67 cents U.S.
Fuel retailer Parkland Corp’s biggest shareholder Simpson Oil said on Sunday it would evaluate options to protect its rights after Parkland advanced its annual meeting, limiting Simpson’s ability to nominate directors. Parkland shares gave up 19 cents to $42.64.
ON BAYSTREET
The TSX Venture Exchange gathered 6.08 points, or 1.1%, to 577.68.
All but three of the 12 subgroups led off Monday in the red, with health-care sicker by 1.1%, while communications and utilities each off 1%….
