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Downward Open for TSX

Canada's main stock index fell at open on Monday, led by losses in shares of cannabis producer HEXO Corp after its chief financial officer resigned, as well as concerns over the outcome of the U.S.-China trade talks this week.

The TSX Composite Index faded 33.01 points to kick off Monday at 16,416.34,

The Canadian dollar inched higher 0.19 cents at 75.18 cents U.S.

HEXO shares tumbled 31 cents, or 5.7%, to $5.11

RBC cut the target price on Athabasca Oil to $0.90 from $1.00. Athabasca shares docked a penny, or 1.7%, to 58 cents.

UBS raised the price target on TCP Energy to $66.00 from $65.00. The company once known as Trans-Canada Corporation doffed 25 cents to $68.18.

RBC cut the target price on Toronto-Dominion Bank to $80.00 from $82.00. TD shares lost five cents to $73.75.

ON BAYSTREET

The TSX Venture Exchange lost 0.48 points to begin the week at 558.28,

All but three of the 12 Toronto subgroups were negative in the first hour, as health-care fell without a parachute, 2.6%, while gold dipped 0.5%, and energy slipped 0.3%.

The three gainers were consumer staples, real-estate and utility stocks, all up but 0.1% each.

ON WALLSTREET

Stocks traded lower 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 flopped 116 points to stumbled out of the gate at 26,457.72

The S&P 500 subtracted 13.69 points to 2,938.46. Industrials proved the biggest decliner among S&P 500 sectors, losing 0.6%.

The NASDAQ Composite dropped 33.01 points to 7,949.33

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 66 cents to $53.47 U.S. a barrel.

Gold prices fell $6.90 to $1,506.00 U.S. an ounce.

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