Canada's main stock index finished negative Monday, weighed earthward by tech and health-care issues
The S&P/TSX Composite Index regressed 48.48 points to end Monday at 16,345.47
The Canadian dollar gained 0.25 cents at 76.74 cents U.S.
Among tech shares, Constellation Software was down $42.74, or 4.5%, to $917.19, while BlackBerry wilted 43 cents, or 3.3%, to $12.64.
In the health-care field, Aurora Cannabis slid 28 cents, or 4%, to $6.70, while Aphria lost a penny to $11.11.
In consumer staples, Restaurant Brands International deferred $1.37, or 1.6%, to $81.96, while Saputo faded 39 cents to $42.60.
Energy provided one of the few positive beacons, as Meg Energy, which jumped 12 cents, or 1.4%, to $8.49, while Canadian Natural Resources hiked 77 cents, or 1.7%, to $47.56.
Among telecoms, BCE nosed up two cents to $55.05, while TELUS Corporation finished positive 10 cents to $47.27.
The financial sector was boosted by shares of Royal Bank of Canada, which added 24 cents to $101.33, and a rise in Bank of Nova Scotia of 18 cents to $76.76.
ON BAYSTREET
The TSX Venture Exchange lost 1.42 points to 705.95
All but three of the 12 subgroups were lower on the day, as information technology dwindled 3.4%, while health-care faded 1.3%, and consumer staples lost 1.1%.
The three gainers were led by energy stocks, charging ahead 0.7%, while telecoms stayed afloat 0.4%, and financials were in the green 0.1%.
ON WALLSTREET
Stocks fell as a steep decline in technology shares that started last week carried through to Monday.
The Dow Jones Industrials tumbled 144.23 points at 25,306.83, as Visa and American Express lagged
The S&P 500 stepped back 16.22 points to 2,802.60, as the tech sector dropped 1.8%.
The NASDAQ stumbled 107.42 points, or 1.4%, to 7,630. Shares of Facebook docked 2.2% and Netflix fell 5.7%. Amazon declined 2.1% while Google-parent Alphabet fell 1.8%. The NASDAQ also notched a three-day drop of 3.9%, its biggest since late March, when it lost 5.1% over three sessions.
Tech shares dove 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.
Twitter shares dropped 8% and were the biggest decliners in the S&P 500 tech sector. Take-Two Interactive gave back 7.7%, Electronic Arts gave back 5.7%, Akamai Technologies pulled back 5.5%.
Trade worries also rattled investors on Monday amid media reports 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.
Tyson Foods lowered its fiscal-year earnings forecast, citing uncertainty around trade policies and tariffs. Shares of Tyson Foods dropped more than 7.5%.
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.
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%, but investors will look for clues on the central bank's path toward normalizing policy.
Prices for the benchmark for the 10-year U.S. Treasury withered, raising yields to 2.98% from Friday’s 2.96%. Treasury prices and yields move in opposite directions.
Oil prices stayed positive $1.29 to $69.98 U.S. a barrel.
Gold prices shed $2.80 to $1,220.20 U.S. an ounce.
