Bay Street Likely To Open On Mixed Note

(RTTNews) - Optimism about U.S.-China trade deal and easing concerns about U.S.-Iran tensions may help keep investor sentiment positive in the Canadian stock market on Monday. However, slightly weak commodity prices and caution ahead of key earnings reports may render price movements somewhat sluggish at the start.

Chinese Vice Premier Liu He is scheduled to visit Washington this week to sign the phase one trade deal.

The Bank of Canada is scheduled to release its latest business outlook survey later in the day.

On Friday, the benchmark S&P/TSX Composite Index ended down 1.08 points, or 0.01%, at 17,234.49, after scaling a low of 17,187.22 and a high of 17,254.06 in the session.

In company news, Cott Corporation (BCB.TO) today announced that it has entered into a definitive agreement to acquire Primo Water Corporation, a leading provider of water dispensers, purified bottled water and self-service refill drinking water in the U.S. and Canada, for $14.00 per share payable in cash and stock (or a combination thereof). The transaction values Primo at approximately $775 million.
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