Canada's main stock index fell on Monday as concerns over a rise in coronavirus infections globally led investors hold back on trades, while Brookfield Business Partners jumped after it announced the takeover of a US based car parts maker for $3.4 billion.

Brookfield Business Partners LP rose 2% after it said it would acquire US car parts maker DexKo Global Inc from private equity firm KPS Capital Partners LP for $3.4 billion.

At 9:49 a.m. ET (13:49 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 13.86 points, or 0.07%, at 20,212.25.

The energy sector dropped 0.2% even as US crude prices were up 0.2% a barrel, while Brent crude added 0.2%.

The financials sector remain unchanged. The industrials sector fell 0.1%.

The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% as gold futures rose 0.5% to $1,791.5 an ounce.

On the TSX, 94 issues were higher, while 123 issues declined for a 1.31-to-1 ratio to the downside, with 10.00 million shares traded.

The largest percentage gainers on the TSX were Cascades Inc, which jumped 5.9% and Fairfax Financial Holdings , which rose 4.3%.

Interfor Corp fell 2.2%, the most on the TSX, while the second biggest decliner was West Fraser Timber Co , down 2.0%.

The most heavily traded shares by volume were Toronto Dominion Bank, Goldgroup Mining and Bombardier .

The TSX posted eight new 52-week highs and no new lows.

Across all Canadian issues there were 70 new 52-week highs and six new lows, with total volume of 23.61 million shares.