After a week of breaking record after record, Canada’s main stock index kicked off Monday on a lower note.
The TSX gave up more than 21 points to start the week at 16,878.64 after last week’s 1.3% gain. This was led to continued shaky ground in the euro-zone and fresh concerns over a potential US / China trade deal.
After quashing talks of a takeover, First Quantum Minerals Ltd. (TSX:FM) was down 8.9% ($1.08 to $11.13).
The Canadian dollar was 0.08 cents lower at 75.35 cents US.
It was a similar story on Wall Street, as stocks opened mixed mixed on tech gains offset by bank stock losses.
Devices rose 1.5%, with Samsung launching its new Galaxy Fold. Bank of America (NYSE: BAC) lost 0.5% and JPMorgan (NYSE: JPM) fell 0.4%. Markets were mostly flat, with the Dow down 10 points. The major indexes were each up modestly for the month and the quarter.
The 10-year Treasury yield fell to 1.69% from Friday’s 1.75% Friday. Bond yields can affect interest rates on mortgages and other consumer loans.