TSX Slumps From Record Highs -- Canadian Commentary

(RTTNews) - Canadian stocks fell Monday along with lower oil prices, with Toronto's main index slipping from record highs.

The TSX Composite Index was down 61.66 points to 16,046.43.

WTI light sweet crude oil was down 73 cents at $58.22 a barrel.

In economic news, U.S. new home sales surged up by 6.2 percent to an annual rate of 685,000 in October from the revised September rate of 645,000.

TransCanada (TRP.TO) will re-start its Keystone pipeline spill in the next few days, the compant said.

"We are communicating plans to our customers and will continue working closely with them as we begin to return to normal operating conditions," it said.

Postmedia and Torstar have swapped more than 40 local community newspapers with each other, CBC reports. Most will be shit down.

WSP Global Inc.(WSP.TO) has gained approval for its takeover of engineering consultancy Opus International Consultants.

Home loan company Equity Financial (EQI.TO) said Smoothwater has agreed to increase its takeover offer from $9.75 per share to $10.25 per share.

Department store operator Hudson's Bay (HBC.TO) said a strong majority of shareholders supported a $500 million investment by Rhone Capital, which was opposed by activist investors.