Stocks in Toronto let gains slip on the day, and finished only narrowly in the green Monday.
The S&P/TSX Composite Index hung onto gains of 1.92 points to finish Monday at 15,012.65
The Canadian dollar was off 0.13 at 75.47 U.S.
Health-care stocks took the brunt of the pounding, as Canopy Growth dropped $2.47, or 5.6%, to $41.90, while Aphria Inc. thundered lower $1.09, or 9.3%, to $10.69.
Utilities also had it rough, with Hydro One off eight cents to $19.34, while Fortis Inc. was off six cents to $46.19.
Gold stocks also struggled, with Barrick Gold doffed 16 cents to $17.24, while Kinross Gold lost six cents, or 1.7%, to $3.50.
On the plus side, techs were led higher by Shopify, rocketing $13.20, or 7.4%, to $191.45, while BlackBerry took on 40 cents, or 3.5%, to $11.85.
In the communications sector, BCE gained 62 cents, or 1.1%, to $56.82, while Rogers Communications progressed 70 cents, or 1%, to $10.10.
Analysts said competition for deposits among Canada's biggest banks is heating up for the first time since the global financial crisis, leading to higher funding costs that could crimp profit growth in their domestic businesses over the next two years.
ON BAYSTREET
The TSX Venture Exchange slumped 9.05 points, or 1.5%, to 593.10
Seven of the 12 subgroups were lower by the closing bell, with health-care swooning 3%, utilities dropping 1.1%, and gold dulling in price 0.9%.
The five gainers were led by information technology, popping 2.2%, while communications and consumer discretionary shares each moved higher 0.5%.
ON WALLSTREET
U.S. stocks jumped on Monday as shares of some beaten-down tech companies rebounded after posting steep losses last week while General Motors shares climbed.
The Dow Jones Industrial Average rebounded 354.29 points, or 1.5%, to 24,640.24
The S&P 500 regained 40.89 points, or 1.6%, to 2,673.45
The NASDAQ jumped 142.87 points, or 2.1%, to 7,081.85
Shares of Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all rose at least 1.5%, having dropped at least 3.6% last week, falling further into bear-market territory.
Facebook dropped amid further backlash for how the company handled the use its platform by Russian operatives to try to influence the U.S. presidential election. Apple plunged last week as investors worried the company's iPhone sales would slow down.
General Motors rose more than 6% after it revealed plans to cut production at several plants and reducing its workforce by 15%, a more drastic cost-cutting plan than investors had expected.
Retailers rose broadly as Black Friday online sales totaled a record $6.22 billion, according to Adobe Analytics. The sales record also marks a 23.6% jump in Black Friday online sales from last year. Leading the charge were shares GameStop, Amazon and L Brands.
Monday's moves come after stocks suffered their worst Thanksgiving week since 2011 last week as a selloff in once-honoured technology stocks and oil prices put traders into riskoff mode. On Friday alone, U.S. oil prices plunged about 8%
Politics will be in focus for investors this week, with the G-20 summit in Argentina and Brexit dominating headlines.
The meeting of the world's most powerful leaders will bring together U.S. President Donald Trump and Chinese President Xi Jinping, at a time of intense trade tensions between the two countries. Meanwhile, the U.K. has gained the backing of the European Union on its deal to withdraw from the soon-to-be 27-member bloc.
Prices for the benchmark for the 10-year U.S. Treasury were lower, raising yields to 3.07% from Friday’s 3.05%. Treasury prices and yields move in opposite directions
Oil prices hiked $1.21 to $51.63 U.S. a barrel.
Gold prices slipped 70 cents at $1,222.50 U.S. an ounce.
