Canadian Stocks Extend Losses

European bourses mixed amid Bank of England rate policy concerns; Japanese markets closed for holiday

Canadian stock closed narrowly mixed levels, with major indexes extending Friday's losses as earnings warnings in U.S., and their implications for economic growth in first half 2001, outweighed likelihood of rate cuts to counter downturn. The TSE 300 fell 18.43 to 8671.70, up from 8577.18 low. Industrial Products, Utilities, Financial Services leading to downside; some support provided by Oil & Gas, mining- related issues. Breadth was 665-548 positive. GoC bonds mixed to lower in quiet trading. March Canadian dollar is higher at 66.95 cents vs. the U.S. dollar.

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