BNN's closing bell update: October 23, 2017
Canada's main stock index ended little changed on Monday, as a plunge in Eldorado Gold Corp (ELD.TO) and losses for energy stocks offset gains in the financial and mining sectors.
Eldorado dropped 27.8 per cent to $1.97 after lowering production guidance for a gold mine in Turkey.
With Brent crude oil prices slipping, shares of energy companies declined. Canadian Natural Resources Ltd (CNQ.TO) gave back 1.3 per cent to $41.14.
The Toronto Stock Exchange's S&P/TSX composite index closed down 1.46 points, or 0.01 per cent, to 15,855.76. Seven of its 10 main sectors were positive.
The financial sector edged higher. Royal Bank of Canada (RY.TO) rose 0.2 per cent to $101.42, and Bank of Nova Scotia (BNS.TO) gained 0.4 per cent to $81.26.
A rise in bullion prices helped fuel a gain in the materials sector. Barrick Gold Corp (ABX.TO) added 1 per cent to $20.42. However, Yamana Gold Inc (YRI.TO) slipped 2 per cent to $3.34.
Hudson's Bay Co's (HBC.TO) shares fell 1.8 per cent to $11.75 after the company said late on Friday that Chief Executive Gerald Storch would leave the company. Activist investor Jonathan Litt said on Monday he is considering seeking the removal of several directors at a special shareholder meeting.