TORONTO — Stock markets in Canada and the U.S. moved lower on Monday as oil prices jumped following a weekend of attacks in the Middle East.
Pierre-Benoit Gauthier, vice-president of investment strategy at IG Wealth Management, said he was surprised the TSX wasn’t faring better, given the effect of higher oil prices on energy stocks.
The S&P/TSX composite index was down 52.59 points at 35,252.72.
Meanwhile, he said the U.S. market appears to be experiencing a rotation and not a sell-off, “but we’ll see how long the markets can endure” rising oil prices.
In New York, the Dow Jones industrial average was down 138.37 points at
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