TORONTO _ The Toronto stock market was lower with markets focused on geopolitical tensions arising from Israel's ground offensive in Gaza and the aftermath of the shooting down of a Malaysian airliner over Ukraine on Friday.
The S&P/TSX composite index was down 16.48 points to 15,250.09. The Canadian dollar lost 0.08 of a cent to 93.06 cents US.
U.S. indexes were also lower as traders assessed the likelihood of Western countries imposing tougher sanctions against Russia over its support of Ukrainian rebels, who are suspected of shooting down the Malaysian Airlines jetliner with a sophisticated surface to air missile.
The Dow Jones industrials gave back 78.91 points to 17,021.27, the Nasdaq shed 13.4 points to 4,418.75 and the S&P 500 index declined 6.81 points to 1,971.41.
Corporate earnings are also a major focus for investors this week. In Canada, Canadian National Railway (TSX: T.CNR, Stock Forum)posts results after the markets close.
Investors were also looking ahead to U.S. earnings reports amid hopes American economic growth is recovering. Results from Apple Inc. (Nasdaq: AAPL, Stock Forum), Microsoft Corp. (NASDAQ: MSFT, Stock Forum) and Coca-Cola Co. (NYSE: KO, Stock Forum) were due out tomorrow and Caterpillar (NYSE: CAT, Stock Forum)on Thursday.