The S&P/TSX Composite Index fell 0.9% to close at 24,536 on Monday, marking its second consecutive session of losses as it tracked weak U.S. market sentiment amid rising Treasury yields. Reduced expectations for Federal Reserve rate cuts this year, alongside concerns about potential inflationary pressures stemming from the incoming Trump administration's policies, weighed on investor confidence. The tech sector led the declines, with Shopify dropping 2.2%. Bullion miners also faced significant losses, as weaker precious metal prices pushed Agnico Eagle, Barrick Gold, Wheaton Precious, and Franco-Nevada down between 1.9% and 2.7%. In contrast, energy stocks offered some relief, supported by rising oil prices.
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