TSX Unable To Crack 15,000 -- Canadian Commentary

(RTTNews) - Canadian stocks inched lower Monday, unable to extend last week's strong gains amid lingering concerns about the global economy.

The Toronto Stock Exchange's S&P/TSX composite index closed down 16.03 points, or 0.11 percent, at 14,923.01

Concordia International Corp. (CXR.TO) chief executive Mark Thompson will step down following the appointment of a successor. The stock fell 5.4 percent.

Toronto-Dominion Bank (TD.TO) was up 0.27 percent. TD Ameritrade Holding Corp. (AMTD) and its largest stakeholder, Toronto-Dominion Bank, will acquire online brokerage Scottrade Financial in a cash and stock transaction valued at $4 billion.

On the economic front, Canadian wholesale sales climbed 0.8 percent on a month over month basis in August. Economists had been expecting an increase of 0.6 percent.

Eurozone private sector expanded at the fastest pace thus far this year, led by a strong rebound in Germany, while the pace of growth eased in France.

The Composite Output Index, which combines manufacturing and services, rose to 53.7 from 52.6 in September, preliminary results of the purchasing managers' survey by IHS Markit showed Monday. The outcome exceeded the 52.8 score economists had predicted.