The Globe and Mail reports in its Tuesday edition that Canada's main stock index ended lower on Monday as resource shares fell, but optimism that long-term borrowing costs have peaked helped to cap losses. A Reuters dispatch to The Globe says that the S&P/TSX Composite Index closed down 80.91 points at 19,743.94, after five straight days of gains. Bond yields rose on Monday but were trading far below their peaks in October as investors bet the Federal Reserve and the Bank of Canada are finished raising interest rates. Higher interest rates reduce the value to investors of the cash flows companies are expected to produce. "It looks like bond yields have peaked, so there should be less pressure on valuations going forward and so we've shifted from a market where the risk is to the downside to really a two-way market," said Joseph Abramson at Northland Wealth Management. U.S. stocks closed slightly higher as investors awaited guidance from a host of Fed policy-makers later in the week on the central bank's policy path, with a large amount of bond supply also due to hit the market. Markets will look for more clarity on the Fed's intentions from officials speaking later in the week, including chair Jerome Powell.