(fxcue news) - Canadian shares are likely to open on a negative note Monday morning amid fears of a U.S. recession, and rising concerns about China's growth outlook. U.S. President Donald Trump in a Fox News interview on Sunday declined to rule out the possibility of a recession following his tariff actions on Mexico, Canada and China. "There is a period of transition, because what we're doing is very big. We're bringing wealth back to America," Trump told the "Sunday Morning Futures" program. Franco-Nevada Corp. (FNV,FNV.TO), a gold-focused royalty and streaming company, reported Monday that it turned around to a net income of $175.4 million in its fourth quarter from prior year's net loss of $982.5 million. Earnings per share were $0.91, compared to loss per share of $5.11 a year ago. Adjusted net income was $183.3 million, compared to $172.9 million last year. Adjusted net income per share were $0.95, compared to prior year's $0.90. Methanex (MX.TO) announced that its 1.8 million tonne methanol G3 plant in Geismar, Louisiana was impacted by an unplanned outage in late February. "Outage is expected to primarily impact the second quarter financial results due to lower produced methanol sales," the company said in a statement late on Sunday. The Canadian market ended higher on Friday after swinging back and forth across the unchanged line. The benchmark S&P/TSX Composite Index closed up 174.72 points or 0.7% at 24,758.76. Energy, telecom, utilities and consumer discretionary stocks turned in strong performances on the day. Asian stocks ended mostly higher on Monday despite lingering tariff worries, the threat of a U.S. recession and signs of deepening deflationary pressures in China. Data showed consumer prices in China have plunged to their lowest level in more than a year, highlighting persistent deflationary pressures in the world's second-largest economy. European stocks are down firmly in negative territory with investors pressing sales almost across the board amid rising concerns about global economic outlook, and the Trump Administration's trade policy. In commodities, West Texas Intermediate Crude oil futures are up $0.50 or 0.75% at $67.54 a barrel. Gold futures are down $1.90 or 0.07% at $2,912.20 an ounce, while Silver futures are gaining $0.161 or 0.49% at $32.950 an ounce.