Canada's equity benchmark finished the session in negative territory on Monday, with sector losses in Consumer Staples, Telecoms and Materials pushing the market lower.
At the Toronto close, the S&P/TSX Composite was down 0.45%.
The session's strongest performers on the S&P/TSX Composite included BlackBerry Ltd (TSX:BB), which advanced 9.98% - up 1.61 points to finish at 17.74. 5N Plus Inc. (TSX:VNP) climbed 7.12%, a gain of 2.75 points to end at 41.38, and MDA Ltd (TSX:MDA) rose 6.99% or 3.53 points to close at 54.01.
Among the heaviest decliners were Brookfield Business Corp (TSX:BBUC), off 5.61% or 2.48 points to 41.73 at the close. Aya Gold & Silver Inc (TSX:AYA) fell 5.37%, down 1.51 points to 26.62, and NovaGold Resources Inc (TSX:NG) slipped 4.46% or 0.40 points to finish at 8.57.
Advancers outpaced decliners on the Toronto Stock Exchange, with 514 names higher versus 446 lower, and 96 issues unchanged.
BlackBerry's share price moved to multi-year highs in the session, rising to levels not seen in five years as the stock gained 9.98% to 17.74.
Market sentiment measures registered a modest increase in implied volatility - the S&P/TSX 60 VIX rose 2.38% to 15.05.
Commodities showed divergent action. Gold Futures for August delivery declined 1.57% - down $64.48 - to $4,031.82 a troy ounce. By contrast, crude oil strengthened: the August contract rose 1.83% or $1.27 to $70.50 a barrel, and the September Brent contract added 1.50% or $1.09 to trade at $73.69 a barrel.
DX-0.24% GC-1.64% LCO+1.61% CL+1.95% GSPTSE-0.45% VNP+7.12% AYA-5.37% VIXI+2.38% MDA+6.99%
In currency moves, CAD/USD was essentially unchanged, moving 0.07% to 0.70, while CAD/EUR was unchanged at 0.47% to 0.62. The US Dollar Index Futures traded down 0.26% at 100.86.
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Market context
The trading day combined sector-specific pressure with selective stock rallies. Telecoms and materials weightings contributed to the broader index decline, while a small cohort of stocks posted double-digit percentage moves that contrasted with some sizable sell-offs among other names.