Canadian equities fell on the day as speculators took profits ahead of a long holiday weekend. The TSX S&P index was off 0.9 percent to 10,424.49 near close. Five of the TSX’s ten main groups were lower, led by a 0.5 percent fall in the heavily weighted financial group and a 0.9 percent drop in technology issues. Sun Life Financial Inc lost 1.3 percent to C$44.22 despite reporting that profits rose 8.9 percent in the second quarter. Subject of merger rumors, Bank of Montreal, fell 1.4 percent to C$61.11 by day’s end. Monday is a national holiday in Canada and most major financial markets will be closed.
Canadian 10 year bonds remained relatively unchanged on the day as premiums lost 0.017 points to 108.450, but yields stayed the same at 3.86 percent.