Archie's Corner

[timhyma]

rpt- be careful with the gold stocks. I beleive we will see a retractment near term.
Toronto Stocks Open Lower on Weak Golds

TORONTO (Reuters) - Toronto stocks, hurt by falling gold and drug stocks, slipped more than 10 points at the start of trading on Monday.


The TSE 300 composite index (^TSE - news) was off 14.10 points, or 0.2 percent, at 7501.20.


The closely watched Dow Jones industrial average (^DJI - news), along with other U.S. markets, was closed for a national holiday.


Leading the market lower were Quebecor Inc. (Toronto:QBRa.TO - news), which was down C$1.50, or 7.3 percent, at C$19.00; Biovail Corp. (Toronto:BVF.TO - news) down 85 Canadian cents, or 1.2 percent, at C$70.55 and Placer Dome Inc. (Toronto:PDG.TO - news), off 35 Canadian cents at C$19.48.


($1=$1.59 Canadian