Negative Open in Toronto

Enbridge, Gibson in Focus

Equities in Canada’s largest market fell at the open Tuesday, as healthcare stocks dropped sharply, after rallying in the previous session.

The TSX Composite Index fell 21.28 points to open Tuesday at 16,929.57

The Canadian dollar was unchanged at 75.54 cents U.S.

Senior U.S. and Canadian officials were set to fly to Mexico City to work on the final changes to a languishing North American trade pact that could clear the way for a vote in the U.S. Congress before the end of the year.

Hudson's Bay Co reported a 2.3% fall in quarterly revenue, as the department store operator struggled to attract shoppers to its Saks Fifth Avenue and namesake stores. Bay shares let go of 13 cents, or 1.4%, to $8.91.

Cenovus Energy said it would spend nearly a quarter more in 2020, after Alberta lifted some curtailments on new oil wells last month. Cenovus shares took on 12 cents, or 1.7%, to $12.39.

Enbridge said on Monday that a revised environmental statement from the state of Minnesota's commerce department concludes that replacing the aging Line 3 oil pipeline would not introduce risks for Lake Superior in the case of a spill. Enbridge added 19 cents to $51.54.

Canaccord Genuity raises the target price on Gibson Energy to $30.00 from $28.00. Gibson gained 31 cents, or 1.2%, to $26.73.

ON BAYSTREET

The TSX Venture Exchange moved higher 1.32 points to 538.81

In Toronto, seven of the 12 subgroups began the day in the green, with gold improving 0.7%, while materials picked up 0.3%, and consumer discretionary stocks eked up 0.1%.

The five laggards were weighed most by health-care stocks, sagging 1.4%, while communications and financials each headed down 0.5%.

ON WALLSTREET

Stocks fell on Tuesday as investors were skeptical of news that the U.S. could postpone the implementation of additional levies on Chinese goods.

The Dow Jones Industrials lost 12.85 points to 27,896.75

The S&P 500 edged higher 0.09 points to 3,136.35

The NASDAQ recovered 14.17 points to 8,636.79

Dave & Buster’s, Designer Brands and AutoZone are among the firms reporting earnings Tuesday.

The Wall Street Journal first reported the U.S. plans to delay slapping China with additional tariffs as both sides try to work out a so-called phase one trade deal. A deadline for the two countries had been set for Dec. 15. If an agreement wasn’t reached by then, the new U.S. tariffs would take effect.

Investors also kept an eye on the Federal Reserve as the central bank kicks off its last two-day monetary policy meeting of the year. The Fed is expected to hold rates steady.

Prices for the 10-Year U.S. Treasury lost ground, raising yields to 1.85% from Monday’s 1.83%. Treasury prices and yields move in opposite directions.

Oil prices nicked up 10 cents at $59.12 U.S. a barrel.

Gold prices improved $4.20 at $1,469.10 U.S. an ounce.