By Adriano Marchese


Toronto-listed stocks were sharply lower Monday morning, starting the week on the back foot in lock-step with other global markets. On the macro front, Canada's official international reserves decreased by $1.98 billion last month, while the country's services economy remained in a downturn to start the new year, though the overall pace of contraction slowed.

All but the tech sector were in red territory mid-session, with process industries, materials and utilities the main laggards.

Canada's S&P/TSX Composite Index was down 1.02% to 20869.13 and the blue-chip S&P/TSX 60 fell by 0.97% to 1249.17.

Shares in Fission Uranium fell by nearly 11% to 1.16 Canadian dollars (86 cents) after the company said it intends to raise C$75 million Canadian in a bought-deal financing agreement. The new money is expected to be used to fund the development of its project in the province of Saskatchewan.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

02-05-24 1217ET