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North American stock markets started the week flat as investors waited for signs from an upcoming trade meeting between the presidents of the U.S. and China.

The S&P/TSX composite index closed down 1.96 points to 16,523.47.

In New York, the Dow Jones industrial average was up 8.41 points at 26,727.54. The S&P 500 index was down 5.11 points at 2,945.35 while the Nasdaq composite was down 26.01 points at 8,005.70.

The Canadian dollar traded for an average of US75.79¢ compared with an average of US75.69¢ on Friday.

The August crude contract was up US47¢ at US$57.90 per barrel and the August natural gas contract was up US11.5¢ at US$2.28 per mmBTU.

The August gold contract was up US$18.10 at US$1,418.20 an ounce and the July copper contract was up US0.1¢ at US$2.71 a pound.