MW: Canada equities fall, head for a four-session loss
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Canadian equities headed lower Monday, with the stock market's benchmark index poised to log its fourth losing session in a row as traders weighed elections results out of France, Greece and Germany. The S&P/TSX Composite Index CA:$ISPTX -0.53% shed 0.6% to 11,801.40, taking its cue from stock losses in Asia and the U.S. The European election results "send a clear signal that the public in Europe has had enough of the use of austerity as the only way out of the current financial mess which, instead of helping, has driven many economies into the ground and turned recessions into depressions," said Colin Cieszynski, market analyst at CMC Markets. Among the subsectors in Toronto, the S&P/TSX Capped Diversified Metals & Mining Index XX:TTMN -2.46% was the biggest decliner, down 2.3%, with shares of Canada Natural Resources Ltd. CA:CNQ -1.23% down 1.4%. In currencies action, the U.S. dollar USDCAD -0.0844% bought 99.41 Canadian cents, down from 99.57 Canadian cents late Friday.
