Nov 6 - Canada's main stock index ended lower on Monday as resource shares fell, but optimism that long-term borrowing costs have peaked helped to cap losses.
Bond yields rose on Monday but were trading far below their peaks in October as investors bet the Federal Reserve and the Bank of Canada are finished raising interest rates. "It looks like bond yields have peaked, so there should be less pressure on valuations going forward and so we've shifted from a market where the risk is to the downside to really a two-way market," said Joseph Abramson, co-chief investment officer at Northland Wealth Management.
The Toronto market's energy sector fell 1%, while the materials group, which includes precious and base metals miners and fertilizer companies, was also down 1% as the price of gold dropped.
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