Downward Open for TSX

Hexo, BlackBerry in Focus

Canada’s main stock index recovered some ground by midday Monday, as energy issues gathered steam to overcome losses in health-care, brought on the resignation of cannabis producer HEXO’s chief financial officer.

The TSX Composite Index moved higher 12.83 points to greet noon at 16,462.18

The Canadian dollar inched higher 0.17 cents at 75.16 cents U.S.

Among energy issues, Shawcor led the pack by gaining 29 cents, or 2%, to $14.68.

Real-estate stocks showed some modicum of strength, as Tricon Capital Group sprinted 33 cents, or 3.3%, to $10.47.

Hexo fell 28 cents, or 5.2%, the most on the TSX, to $5.14, after Michael Monahan stepped down.

BlackBerry gave up some of its early gains, but remained afloat 3.5 cents, to $6.91, while Exchange Income Corp., rose 37 cents, or nearly 1%, to $39.46.

ON BAYSTREET

The TSX Venture Exchange regained 0.35 points to 559.11

Seven of the 12 Toronto subgroups had made it to higher ground, with energy rumbling 0.9%, real-estate, ahead 0.5%, and materials, inching up 0.2%.

The five laggards were led by health-care, down 1.1%, consumer staples, fading 0.2%, and industrials, off 0.1%.

ON WALLSTREET

Stocks were little changed on Monday amid doubts of a breakthrough in U.S.-China trade talks, which are set to begin later this week.

The Dow Jones Industrials recovered from triple-digit losses to gain 20.22 points to break for lunch at 26,593.94

The S&P 500 nicked forward 2.91 points to 2,954.83.

The NASDAQ Composite gained 15.27 points to 7,997.75

A media report suggested Chinese officials were increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump.
Vice Premier Liu He, who will lead negotiations for China, told dignitaries that his offer to the U.S. will not include commitments on reforming Chinese industrial policy or government subsidies, Bloomberg reported Sunday, citing sources familiar with the matter.

Trade talks between the U.S. and China are set to resume in Washington, D.C., on Thursday. Deputy-level talks kicked off on Monday.

Prices for the benchmark 10-year U.S. Treasury nicked higher, waned, raising yields to 1.54% from Friday’s 1.52%. Treasury prices and yields move in opposite directions.

Oil prices gained 96 cents to $53.77 U.S. a barrel.

Gold prices fell $8.80 to $1,504.10 U.S. an ounce.