Canadian Stocks Close Mixed

Tech stocks succumbed to profit taking. European and Asian markets finished higher

Canadian stocks finished mixed, with major indexes lower as market participants took profits in high techs after last week's outperformance. The TSE 300 fell 40.07 to 9121.00 pressured by weak Industrial Products, but downside was limited by strong Financial Services, Utilities, Oil & Gas. Breadth was 775-491 positive. GoC bonds remain under water, with short notes flat, ahead of Bank of Canada's policy decision tomorrow, as well as U.S. ECI data later this week, Fed meeting 1/31. March Canadian dollar closed higher vs. the U.S. dollar.

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