The Toronto Stock Exchange ended lower on Monday as energy shares fell, dragging down the overall market. The S&P/TSX composite index closed down X points, or X%, at X,XXX.XX.
Energy shares were the biggest drag on the market, with the sector falling X%. This decline was attributed to a drop in oil prices, which were impacted by concerns over global demand and oversupply.
Meanwhile, the financial sector also saw losses, with bank stocks slipping X%. This was partly due to concerns about the economic impact of rising inflation and interest rates.
On the positive side, the materials sector posted gains, rising X%. This was supported by higher gold prices, which benefited from their safe-haven appeal amid market uncertainties.
Overall, trading volume was moderate, with X.XX million shares changing hands on Monday.
Looking ahead, market analysts are keeping a close eye on geopolitical developments, economic data releases, and corporate earnings reports for further insights into the market's direction.
