TSX ends down 0.68 at 22,116.69
Energy falls 4.42; oil settles 3.60 lower
Utilities add 0.50
GFL Environmental jumps 10.42

Reuters Canada39;s main stock index fell on Monday as a drop in oil prices weighed on energy stocks, with the move in energy offsetting gains for highdividend paying utilities stocks ahead of a potential Bank of Canada interest rate cut this week.

The Toronto Stock Exchange39;s SPTSX composite index ended down 152.43 points, or 0.68, at 22,116.69.

The primary driver is the big selloff in crude oil which is dragging on the energy sector pretty much across the board, said Colin Cieszynski, chief market strategist at SIA Wealth Management.

The price of oil settled 3.60 lower at 74.22 a barrel as investors worried about the demand outlook and took a complicated OPEC output decision as a sign that members of the producer group were eager to export more crude.

The energy sector, which accounts for 20 of the Toronto market39;s weighting, lost 4.42 and industrials ended 0.84 lower.

Financials also lost ground, falling 0.3.

A former TD Bank employee falsified documents to open dozens of accounts and provided conciergelike services to help cash flow across borders, Bloomberg News reported. TD39;s shares ended 1.02 lower.

Utilities are up probably because Treasury yields are down today and also there39;s the Bank of Canada in two days and at least some people out there are thinking they might cut rates, Cieszynski said.

The utilities sector…