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TSX Settles on Lower Gold, Tech Prices

Aurora, Interfor in Spotlight

Canada's main stock index fell on Monday, weighed by losses in shares of precious metal miners as gold prices hit its lowest in a month.

The S&P/TSX Composite Index moved lower 91.7 to greet noon at 15,182.74

The Canadian dollar eased 0.13 cents to 75.67 cents U.S.

Aurora Cannabis dipped three cents to $9.33 after reporting higher quarterly revenue and profit.

Nuvista Energy, on the other hand, screamed higher 19 cents, or 4%, to $4.92, after reporting third-quarter results.

Interfor Corporation recovered after a rough start, picking up 12 cents to $14.61, although multiple brokerages lowered their price target on stock.

Kinaxis Inc regressed $4.90, or 6.6%, to $69.13.

ON BAYSTREET

The TSX Venture Exchange caved 8.29 points, or 1.3%, to 643.13

Eight of the 12 subgroups were lower, as information technology dipped 2.4%, while health-care suffered 2.2% in losses, and gold dulled in price 1.6%

The four gainers were led by communications, chugging 0.8%, while utilities and energy were each better by 0.3%.

ON WALLSTREET

U.S. stocks fell on Monday as a decline in Apple shares, a strong dollar and lingering worries about global trade offset positive news on the dealmaking front.

The Dow Jones Industrials plummeted 399 points, or 1.5%, midday to 25,590.30

The S&P 500 dropped 35.21 points, or 1.3%, to 2,745.80

The NASDAQ dumped 151.35 points, or 2%, to 7,256.56

Apple shares dropped more than 4% after Lumentum Holdings, which makes technology for the iPhone's face-recognition function, cut its outlook for fiscal second quarter 2019. Lumentum CEO Alan Lowe said one of its largest customers asked the company to "materially reduce shipments" for its products. Shares of Lumentum plunged more than 30%.

The decline in Apple pressured the broader technology sector. Alphabet retreated 1.9% while Amazon shares pulled back 3.4%. Amazon shares also traded around bear-market territory, down about 20% from their 52-week high.

Media reports say U.S. President Donald Trump thinks threatening more tariffs on overseas-made cars is his best negotiating tactic on trade.

The reports said Trump has told aides he was able to get a better trade deal with Canada because he threatened Canadian Prime Minister Justin Trudeau with levies on cars made in Canada.

Trump has been considering slapping a 25% charge on cars made outside the U.S. since earlier in the year. Automakers and foreign governments have criticized Trump for this, noting such a levee would boost car costs and hurt sales and jobs.

The report comes as Trump and Chinese President Xi Jinping get set to meet at the G-20 summit later this month

SAP agreed to buy Qualtrics, a privately held company that competes with SurveyMonkey, for $8 billion U.S. Meanwhile, Veritas Capital and Elliott Management agreed to buy Athenahealth for more than $5 billion.

General Electric shares fell 4.2% to trade below $8.00 after CEO Larry Culp told the media that he feels the "urgency" to reduce some of the company's leverage, adding they will do this by selling assets.

Bond markets in the U.S. are closed in observance of Veterans Day

Oil prices restored 72 cents to $60.78 U.S. a barrel.

Gold prices subtracted $4.40 an ounce to $1,204.10 U.S.