Stumbling Start for TSX
The TSX Composite lost 48.72 points to open Monday at 20,941.50.
The Canadian dollar dipped 0.17 cents to 74.41 cents U.S.
In company news, Thomson Reuters raised its offer to buy Sweden's Pagero by 25% to about $789 million and said it now controls about 54% of the company, seeking to fend off competing bids for the e-invoicing and tax solutions firm. Thomson shares opened Monday up $1.93, or 1%, to 196.86.
On the economic board, Statistics Canada reported manufacturing sales rose 1.2% in November, mainly on higher sales in the chemical, primary metal, and machinery subsectors. Elsewhere, wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) grew 0.9% to $82.5 billion in November.
Lastly, the Canadian Real Estate Association reported Monday home sales activity recorded over Canadian MLS® Systems rose 8.7% between November and December 2023, putting it on par with some of last year’s relatively stronger months recorded over the spring and summer.
Oil prices lost 56 cents to $72.12 U.S. a barrel.
Gold prices gained $4.40 to $2,056.00 U.S. an ounce.
ON BAYSTREET
The TSX Venture Exchange rebounded 5.89 points, or 1.1%, to begin Monday at 556.18.
ON WALLSTREET
U.S. markets are closed Monday for Martin Luther King Day
Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.
