Canada's main stock index sank into negative territory by noon hour ET on Monday, boosted by gains in energy and financial stocks.
The S&P/TSX Composite Index faded 7.55 points to observe lunch hour at 16,386.40
The Canadian dollar gained 0.42 cents at 76.74 cents U.S.
The financial sector was boosted by shares of Royal Bank of Canada, which added 18 cents to $101.27, and a rise in Bank of Nova Scotia of 31 cents to $76.89.
Top gainers on the TSX included shares of Meg Energy, which jumped 20 cents, or 2.3%, to $8.57, and Ivanhoe Mines, which rose two cents to $2.45.
The top laggard on the TSX was NovaGold Resources, which fell six cents, or 1.1%, to $5.64, followed by Constellation Software, down $35.05, or 3.7%, to $924.88.
ON BAYSTREET
The TSX Venture Exchange gained 3.93 points to 711.30
Eight of the 12 subgroups were lower midday, as information technology dwindled 3.2%, while consumer staples and utilities each lost 0.7%.
The four gainers were led by energy stocks, charging ahead 0.7%, while financials and telecoms each stayed afloat 0.2%.
ON WALLSTREET
Stocks fell on Monday, as a steep decline in tech that started last week carried through the start of this week.
The Dow Jones Industrials fell 60.9 points at 25,390.16, as Microsoft dropped more than 1.5%.
The S&P 500 stepped back 10.48 points to 2,808.34, as the tech sector dropped 1.7%.
The NASDAQ slouched 85.25 points, or 1.1%, to 7,652.19. Shares of Facebook fell 3.9%, and Netflix dropped 4.3%. Amazon doffed 1.2%,and Google-parent Alphabet declined 1.8%.
Tech shares took a dive last week after Facebook dropped 19% Thursday on reporting weaker-than-expected revenue and lowering its revenue growth forecast. Facebook's massive drop sent the tech sector down 1.2% last week.
Tyson Foods lowered its fiscal-year earnings forecast, citing uncertainty around trade policies and tariffs. Shares of Tyson Foods dropped more than 6%.
Meanwhile, Caterpillar said in its second-quarter earnings report that recently imposed tariffs will shave off between $100 million and $200 million from its bottom line in the second half. The company also reported better-than-expected earnings and raised its full-year outlook, however.
Bank shares got a boost from higher bond yields. J.P. Morgan Chase, Citigroup and Bank of America, all rose more than 1%, while Morgan Stanley gained 0.8%.
Trade worries also rattled investors on Monday after media reported that Canada, the European Union, Japan, Mexico and South Korea will meet next week to discuss a response to threats made by President Donald Trump about slapping tariffs on U.S. auto imports.
Wall Street looked ahead to the Federal Reserve's latest monetary policy meeting, which is scheduled to start Tuesday. Market expectations for a rate hike are just 3%
Prices for the benchmark for the 10-year U.S. Treasury withered, raising yields to 2.97% from Friday’s 2.96%. Treasury prices and yields move in opposite directions.
Oil prices stayed positive $1.40 to $70.09 U.S. a barrel.
Gold prices gained a dime to $1,223.10 U.S. an ounce.
