TSX ends down 0.1 at 25,410.35
Energy falls 1.8 as oil settles 3.2 lower
Materials group loses 2.2
CI Financial jumps 30 on takeprivate deal

Reuters Canada39;s main stock index ended lower on Monday as a drop in commodity prices weighed on resource shares, offsetting the boost to investor sentiment globally from the nomination of Scott Bessent as U.S. Treasury secretary.

The SPTSX composite index ended down 33.93 points, or 0.1, at 25,410.35, pulling back from a record closing high on Friday.

The energy sector lost 1.8 as the price of oil settled 3.2 lower at 68.94 a barrel after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the IsraelHezbollah conflict.

Gold , which has benefited recently from its safehaven appeal, also fell. The materials group, which includes gold miners and fertilizer companies, ended 2.2 lower.

Wall Street39;s main indexes ended higher after Bessent39;s nomination helped push bond yields lower. Some investment strategists say Bessent could take measures to restrain further government borrowing even as he follows through on fiscal and trade campaign pledges.

I think that people are seeing him as favorable towards equity markets, said Colin Cieszynski, chief market strategist at SIA Wealth Management.

The Canadian 10year yield was down 12.1 basis points at 3.306, tracking moves in U.S. Treasuries. That helped boost interest rate sensitive sectors such as real estate, which added 2.5.

Technology rose 1.3…