Canada's main stock index let go of much of its gains midday Monday, despite strength from consumer discretionary and health-care stocks.
The S&P/TSX Composite Index came down from its highs of the morning, but remained positive 6.88 points to greet noon at 16,050.42
The Canadian dollar inched back 0.01 cents at 77.27 cents U.S.
In the discretionary sector, Gildan Activewear gathered 49 cents, or 1.3%, to $37.94, while Magna International raced ahead $1.19, or 1.4%, to $84.69.
Health-care stocks starred, too, as Aphria Inc. gained 39 cents, or 3.3%, to $12.17, while Aurora Cannabis gained six cents to $8.12
Shares of Royal Bank of Canada gained 87 cents to $99.01, and Toronto-Dominion Bank picked up three cents to $75.05.
While much of the rest of the energy sector took a beating Nexgen Energy jumped 12 cents, or 4.6%, to $2.75, and Nevsun Resources rose nine cents, or 2.2%, to $4.26
Tahoe Resources fell 37 cents, however, or 5.2%, the most on the TSX, to $6.76. Imperial Oil lost 16 cents to $42.23.
Fairfax Financial Holdings was the second biggest decliner, down $12.83, or 1.8%, to $709.16.
The most heavily traded shares by volume were The Green Organic Dutchman Holdings Ltd, Canopy Growth Corp and Aurora Cannabis Inv.
ON BAYSTREET
The TSX Venture slumped 3.06 points to 762.88
Eight of the 12 TSX subgroups were higher as the clock approached noon, thanks to strength in consumer discretionary issues, up 1%, while health-care issues were haler 0.9%, and information technology clicked higher 0.8%.
The four laggards were weighed mostly by energy, tailing 2.2%, while gold and materials were each off 0.3%.
ON WALLSTREET
U.S. stocks rose on Monday as Apple led the technology sector to a record high.
The Dow Jones Industrials hiked 187.31 points to 24,822.52, with Apple rising 1%. The tech giant's stock also hit an all-time high.
The S&P 500 stayed positive 9.33 points to 2,743.95, with tech rising 0.4%
The NASDAQ gained 27.96 points to 7,582.29, and traded less than 1% from its intraday record as Amazon also hit an all-time high.
Amazon rose 0.7% after a SunTrust analyst said the company's private label business could help the stock rally 20%. Microsoft also helped lift the NASDAQ, rising 0.7% after announcing it was acquiring GitHub, a software developer platform, for $7.5 billion.
Leaders from seven of the largest economies in the world are set to meet in Canada this week at a time when trade tensions between the U.S. and key trade partners have increased.
Prices for the benchmark for the 10-year U.S. Treasury dropped, raising yields to 2.92% from Friday’s 2.9%. Treasury prices and yields move in opposite directions.
Oil prices dipped 87 cents at $64.94 U.S. a barrel.
Gold prices faded $1.60 to $1,297.70 U.S. an ounce.
