Canada’s main stock index opened flat on Monday, at the beginning of a holiday-shortened week, as investors exercised caution ahead of a key inflation report out of the United States due later in the week.
The TSX Composite gathered 54.53 points to open a short week at 22,038.61. Markets will be closed for Good Friday.
The Canadian dollar forged ahead 0.19 cents to 73.60 cents U.S.
Among company news, Scotiabank downgraded telecom firm Telus Corp to “sector perform” from “sector outperform.” TELUS shares began Monday down 38 cents, or 1.8%, to $21.38.
ON BAYSTREET
The TSX Venture Exchange shaved off 0.47 points to 551.84.
Seven of the 12 TSX subgroups were higher early on, as gold sprinted 1.9%, while energy and materials each claimed 1.2%.
The five laggards were weighed most by communications, swooning 0.7%, while industrials dipped…
