Cautious sell-off ahead of resumed US-China trade talks

We are still working on making the text bigger on mobile. If you are having some issues reading this email on some devices, let us know by replying. Thank you for your patience and your comments.

Cautious sell-off ahead of resumed US-China trade talks

New York indices slipped with ongoing, but measured, worries over the U.S.-China trade negotiations that will resume Thursday in Washington. On Monday, the S&P was -0.45%, the Dow -0.36% and the Nasdaq -0.33%.

The TSX closed slightly stronger at -0.17% at 16,421. One of Monday’s biggest gainers was beleagured SNC-Lavalin, up 3.89% to $17.38. SNC just announced a three-year contract to provide operating and maintenance services to Shell Australia’s upstream facilities.

Conversely, marijuana was the biggest TSX loser on Monday, with Green Organic Dutchman (-7.61%), Hexo (-6.64%) and Aurora (-5.82%) finishing in the bottom three. BMO‘s pessimistic report on the cannabis sector didn’t help these stocks. According to the North American Marijuana Index, the whole sector has plunged nearly 50% since Canada legalized pot on October 17, 2018.