By Ashley P. Lau
SAN FRANCISCO (MarketWatch) -- Canadian stocks crossed into the red Monday morning as declining crude-oil futures pressured the energy sector, dragging down the broader market. The S&P/TSX Composite Index (CA:$ISPTX 12,940, -16.70, -0.13%) slid 10.9 points, or 0.1%, to 12,945.4. Toronto's main energy index fell 0.3%, led by a 0.5% decline in shares of oil sands developer Suncor Energy Inc. (CA:SU 34.98, -0.26, -0.74%) , the country's largest energy company. Shares of Cenovus Energy (CA:CVE 29.78, -0.13, -0.44%) also took a hit, falling 0.2%. Canadian gold miners had a stronger performance, riding on advancing bullion futures. Goldcorp Inc. (CA:G 46.68, +0.03, +0.06%) shares rose 0.3%, while Kinross Gold Corp. (CA:K 18.24, +0.01, +0.06%) shares advanced 0.8%. Among other notable advancers, Research in Motion Ltd.'s (CA:RIM 60.56, +0.80, +1.34%) (RIMM 58.93, +0.27, +0.45%) stock climbed 1.4% in Toronto trading. |
