TSX falls

28 Nov, 2017

Canada's main stock index slipped on Monday, with its heavyweight energy companies falling as US crude prices came off two-year highs, while ecommerce company Shopify Inc gained as the holiday shopping season kicked off. At 10:19 am ET (1519 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 24.33 points, or 0.15 percent, at 16,083.76. Seven of its 10 main sectors were in positive territory.
The energy group, which accounts for almost a fifth of the index's weight, retreated 1.6 percent. Pipeline company Enbridge Inc was off 1.8 percent at C$46.53 and producer Canadian Natural Resources Ltd fell 2 percent to C$43.18. US crude prices were down 1.7 percent at $57.98 a barrel, while Brent lost 0.7 percent to $63.43. Shopify Inc was up 4.6 percent at C$148.78, after saying that it processed more than $1 million in sales a minute for its merchants at the peak of Black Friday shopping activity.

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