Closing Bell TSX in the red ahead of corporate earnings economic data

TORONTO — A drop in energy stocks helped push the Toronto stock market slightly lower Monday as traders brace for a heavy slate of earnings reports this week, particularly from the resource sector.Here are the closing numbersTSX — 15,445.22 -9.82 -0.06%S&P 500 —  1,978.91 0.57  0.03%Dow — 16,982.59 22.02  0.13%Nasdaq — 4,444.91 -4.65 -0.10%The S&P/TSX composite index gave back 9.82 points to 15,445.22.“This week will be jam-packed with information for investors to digest,” said Craig Fehr, Canadian markets specialist at Edward Jones in St. Louis.The Canadian dollar rose 0.12 of a cent at 92.59 cents US.New York markets were mainly positive as the Dow Jones industrials moved ahead 22.02 points at 16,982.59, the Nasdaq lost 4.65 points to 4,444.91 and the S&P 500 index was up 0.57 of a point to 1,978.91.Big names in the Canadian gold mining and energy sector, such as Barrick Gold Corp. (TSX:ABX) and Suncor Energy (TSX:SU), report their second-quarter results this week. Those two sectors are the best performing on the TSX year to date with energy up about 19% while the gold sector is up about 28% — but that’s after being cut in half last year. The energy sector is actually the leading advancer since its market weighting is far heavier than gold.“This is an important week for the TSX because those two areas, gold and energy, have been the areas that have led the TSX to a 15% total return so far this year — huge gains in those sectors,” added Fehr.Bombardier (TSX:BBD.B) also reports its results Thursday. Its shares are close to its 52-week low of $3.44 and investors will be looking for an update on the development of the company’s crucial CSeries airliner, which has been beset by a series of delays. Its shares slipped four cents to $3.61.The energy sector led TSX decliners, down 0.84% as September crude on the New York Mercantile Exchange lost 42 cents to US$101.67 a barrel.Athabasca Oil Corp. (TSX:ATH) shares fell 47 cents or 6.83% to $6.41 as the company seeks to reassure investors that it is working to close a $1.23-billion oilsands asset sale to PetroChina.Techs were also weak with BlackBerry (TSX:BB) down 37 cents to $10.75 after CEO John Chen told Bloomberg Television that he has no acquisition offers on his desk. He said BlackBerry is focused on turning its ailing business around independently, and its chances of success are “better than 80/20.”The TSX closed well off the worst levels of the session as the gold sector finished positive, up about 0.8% as August bullion closed unchanged at US$1,303.30 an ounce.The TSX base metals sector led TSX advancers, up 1.11% while September copper was unchanged at US$3.24 a pound.There was also major acquisition activity in the U.S. where Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about US$8.5 billion.The data calendar for Canada is light this week with only one major report. Statistics Canada posts May gross domestic product figures on Thursday. Economists are looking for a 0.3% gain for the month.In the U.S., traders will look to second-quarter GDP data out Tuesday, the Federal Reserve makes its scheduled announcement on interest rates on Wednesday and on Friday, the U.S. government releases its employment report for July.TOP STORIESAthabasca Oil shares dive on worries over PetroChina $1.23-billion paymentCMHC turns up scrutiny of condo investors as concerns of overheated market growBlackBerry CEO says turnaround’s chances of success ‘better than 80/20,’ no buyout offers on tableRussia ordered to pay $50-billion to shareholders, 10 years after it seized oil giant YukosWHAT’S ON DECK TUESDAYECONOMIC NEWSCANADAUNITED STATES9 a.m.S&P Case-Shiller home price index (May): Economists expect 0.3% rise, 9.9% rise year over year Homeownership and residential vacancy rates (Q2) 10 a.m.Conference Board Consumer Confidence Index (July): Economists expect reading of 85.5 CORPORATE NEWSCANADAGeorge Weston Limited    Q2 earnings: Analysts expect    $1.13 a share Norbord Inc Q2 earnings: Analysts expect 9¢ a share Talisman Energy Inc Q2 earnings: Analysts expect 3¢ a share Timmins Gold Corp    Q2 earnings: Analysts expect    4¢ a share Westjet Airlines Ltd    Q2 earnings: Analysts expect    27¢ a share UNITED STATESAmgen  Q2 earnings: Analysts expect US$2.07  a share American Express Company Q2 earnings: Analysts expect US$1.39 a share Marriott International Q2 earnings: Analysts expect 67¢ a share   McGraw Hill Financial Q2 earnings: Analysts expect 98¢ a share Newmont Mining Corp.  Q2 earnings: Analysts expect 19¢ a share Pfizer Q2 earnings: Analysts expect 57¢ a share United Parcel Service, Inc. Q2 earnings: Analysts expect US$1.25 a share read more

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