Toronto stocks were trading mixed on Monday ahead of U.S. inflation data and the Bank of Canada’s decision on monetary policy scheduled later this week.
The Toronto Stock Exchange’s S&P/TSX composite index was down 20.62 points, or 0.10%, at 19,810.42.
In corporate news – West Fraser Timber Co. Ltd. has signed a deal to sell its unbleached softwood kraft pulp mill in Hinton, Alta., to Mondi Group, an integrated packaging and paper company. Mondi says it is paying US$5 million for the mill and plans invest 400 million euros to expand the facility.
Transat AT Inc. said it has sold a piece of land in Mexico to resort company Finest Resorts for US$38 million.
The Canadian dollar was down 0.09 cents to 75.28 cents U.S.
ON BAYSTREET
The TSX Venture Exchange was up 2.71 points to 617.45.
Five of the 12 TSX subgroups lost ground Monday, with Telecom stocks down 1.37%, while utilities issues dipped 1.01% and Financials were off 0.19%.
On the upside, health-care was ahead 1.61%, energy picked up 0.36%, and Industrials rose 0.27%.
ON WALLSTREET
Stocks in the U.S edged up Monday as investors looked ahead to inflation data later in the week and prepared for the start of the second-quarter earnings season.
The Dow Jones Industrial Average traded 159 points higher, or 0.4%. The S&P 500 rose 0.1%, while the Nasdaq Composite ticked up less than 0.1%.
The consumer price index report is due Wednesday, followed by the producer price index — a measure of wholesale price pressures — out Thursday.
Meta Platforms (META) shares moved higher Monday following data suggesting its new social media platform, Threads, gained more than 100 million users since it launched late last week.