The Canadian stock market declined slightly when Toronto opened, and the market reacted lackluster to the new corporate tax cancellation policy introduced by Prime Minister Mark Carney. Carney is hosting an international investment summit on Tuesday. As of 9:53 a.m. Toronto time, the S&P/TSX Composite Index was down 0.4%. The energy sector was the only industry to record growth, boosted by rising oil prices.

The Canadian stock market declined slightly when Toronto opened, and the market reacted lackluster to the new corporate tax cancellation policy introduced by Prime Minister Mark Carney. Carney is hosting an international investment summit on Tuesday. As of 9:53 a.m. Toronto time, the S&P/TSX Composite Index was down 0.4%. The energy sector was the only industry to record growth, boosted by rising oil prices.