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Bay Street Likely To Open On Negative Note

(RTTNews) - The Canadian stock market is likely to open lower Tuesday morning, tracking weak global cues.

Lower crude oil prices may trigger selling in the energy section and weigh on the market.

In trade related news, the South China Morning Post reported, citing a source, that Chinese Vice Premier Liu He is set to lead a delegation to Washington this Saturday to sign the phase one trade deal with the U.S.

On Monday, the benchmark S&P/TSX Composite index, ended with a loss of 69.65 points, or 0.41%, at 17,098.56. The index recorded a fresh all-time high a session earlier.

In company news, Canadian Pacific Railway (CP.TO) said it has closed the transaction related to the acquisition of the Central Maine & Quebec Railway. The acquisition of CMQ in the U.S. remains subject to Surface Transportation Board approval.
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