At 10:30 a.m. the S&P/TSX Composite Index was down 202 points, or 1.1 per cent, to 18,821.06. Only 37 members of the index were trading higher, and all the major subgroups were down.
“I know a lot of people think these issues of safety have kept Suncor shares down, it hasn't moved higher as much as some of the other names out in that area of Canada,” Allan Small, a senior investment advisor of Allan Small Financial Group, IA Private Wealth, said in an interview Monday. “Overall, I think this is a situation that will not bode well for Rogers and their takeover deal,” said Small. “I think there’s definitely an argument for competition. We only have a few major companies in the telecom space. I know in the U.S. they have a few more, but they’re also pretty concentrated.” One of Rogers’ main competitors is BCE Inc., which owns BNN Bloomberg through its Bell Media division.