Canadian stock market slips ahead of U.S. election

TORONTO, Nov. 5 (Xinhua) -- The Canadian stock market closed slightly lower Monday with traders decreasing their trading intention ahead of forthcoming U.S. presidential election on Tuesday.

The S&P/TSX Composite index dropped 27.63 points, or 0.22 percent, to 12,352.78 while S&P/TSX Venture Composite index moved down 8.1 points, or 0.62 percent, to 1,301.93. The heavyweight energy, financial and industrial sectors all drifted lower, but losses were muted as traders cut back on trading due to the uncertain outcome of Tuesday's U.S. presidential election.

Both President Barack Obama and Republican challenger Mitt Romney were zipping across swing states on their final day of campaigning on Monday. Polls show the election will be neck and neck.

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