Toronto Stocks Inched Lower With US Markets Closed

By Jeffrey Lewis

Toronto stocks closed lower on Monday while U.S. markets were closed for the Juneteenth holiday. Sector performance was uneven in Canada, with railroads declining, miners moving higher and banks ending mixed. Canada's S&P/TSX Composite Index slid 0.21% to 19934.21. The blue-chip S&P/TSX 60 fell by 0.23% to 1199.39. Deep-South Resources shares jumped over 36% to 8 Canadian cents (6 cents) after it said that its renewal application for a copper mine in Namibia is going forward after years of stalled progress and that it expects the license to be reinstated in weeks.

Other market movers:

O3 Mining said Monday that it has raised C$10 million by way of a private placement with a strategic investor to advance exploration and development of its properties. Shares rose 1.4%% to C$1.45. Canadian National Railway shares fell 0.42% to C$156.33 and Canadian Pacific Kansas City declined 0.85% to C$102.65. Royal Bank of Canada fell 0.41% to C$125.36 while Toronto-Dominion Bank rose 0.2% to C$80.87.

Write to Jeffrey Lewis at jeffrey.lewis@wsj.com

(END) Dow Jones Newswires

June 19, 2023 19:55 ET (23:55 GMT)

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