Cenovus Shares Slip with Oil Down Even as TSX Climbs to High
Cenovus Energy Inc. shares dropped sharply in Toronto on Monday, with the stock down even as the broader Canadian market reached new highs. Investors moved away from oil producers while crude prices fell. Cenovus’s Toronto listing was the main venue for trading. Canadian exchanges stayed open on U.S. Memorial Day, keeping activity going while the NYSE was shut for the holiday. That left Cenovus’s NYSE shares sitting idle through regular U.S. hours.