The S&P/TSX Composite closed Monday at 34,960, down 0.86%, in a session split sharply along sector lines. All five of the Big Six banks fell in tandem, led by CIBC's 2.6% decline, while energy names moved the other way as Canadian Natural Resources and Cenovus Energy tracked WTI crude's push to a five week high. The divergence reflects this week's bond yield reaction hitting rate sensitive financials while an oil rally, still tied to Middle East supply risk, kept energy stocks in positive territory on the same trading day.
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