Stocks in Canada were negative in early trade on Monday.
The TSX Composite index dished off 39.28 points, to open Monday and a short week at 20,190.98.
The Canadian dollar handed over 0.32 cents to 81.03 cents U.S.
Thursday, markets in Canada are closed in honour of Canada Day.
Brookfield Business Partners LP announced on Sunday an agreement to acquire U.K.-based Modulaire Group backed by private equity firm TDR capital, for $5 billion.
Brookfield units lost 67 cents, or 1.2%, to $57.18.
TD Securities raised the target price on Granite REIT to $94.00 from $92.00. Granite units gained 25 cents to $81.80.
TD Securities raised the target price on Mainstreet Equity to $105.00 from $90.00. Mainstreeet shares were unchanged at $100.00.
TD Securities starts coverage on Richelieu Hardware with a “hold” rating. Richelieu shares dumped 24 cents to $40.33.
ON BAYSTREET
The TSX Venture Exchange recovered 4.88 points to 953.39.
Seven of the 12 TSX subgroups were higher to begin the day, as information technology clicked 1.1%, while health-care sprang up 0.8%, and utilities surged 0.7%.
The five laggards were weighed most by energy, down 2.7%, while financials and consumer discretionary stocks were each off 0.5%.
ON WALLSTREET
The U.S. stock market was muddled in early trading on Monday, but a strong start for tech stocks pushed the NASDAQ Composite to another record high.
The Dow Jones Industrials gave back 130.88 points to 34,302.96, as energy and transport stocks came under pressure.
The S&P 500 eked up 0.26 points to 4,280.96
The NASDAQ jumped 100.9 points to an intraday high of 14,461.29.
Tech stocks led in early trading, with shares of Apple and Amazon rising about 1% and Salesforce adding 2%. Aerospace giant Boeing weighed on the Dow, with shares falling 2% after regulators told the company it is not likely to receive certification for its long-range aircraft until at least 2023.
A massive, bipartisan infrastructure deal appeared revitalized as of Sunday evening after President Joe Biden clarified on Saturday that he doesn’t plan to veto the legislation if it comes without a separate reconciliation bill favored by Democrats. Republican senators then said on Sunday that the deal can move forward.
The president, flanked by a bipartisan group of senators, declared on Thursday that the group had reached a multibillion-dollar deal to improve the nation’s roads, bridges, waterways and broadband after weeks of negotiation.
Democrats have been pushing for a second bill that would include funding for issues like climate change, child care, health care and education.
Prices for 10-Year Treasurys improved, lowering yields to 1.49% from Friday’s 1.52%. Treasury prices and yields move in opposite directions.
Oil prices slid $1.06 to $72.99 U.S. a barrel.
Gold prices gained $4.50 to $1,782.30 U.S. an ounce.