The S&P/TSX Composite Index hovered below the flatline at the 30,330 mark on Monday as investors focused on fresh economic indicators in Canada and the US. Canada’s annual inflation eased to 2.2% in October while core rates tracked by the BoC held near the 3% threshold, maintaining the central bank’s outlook that it is likely done with rate cuts. Tech mega-cap Shopify was among top laggards losing near 2%, while Brookfield lost around 1.5%. On the other hand, major gold miner Barrick Mining added close to 2% to help offset losses for the index as the company’s board is considering splitting the company into two separate entities. Meanwhile, the end of the prolonged US government shutdown means key economic data from the US, especially on jobs, will resume this week, helping guide the Fed.
