Canada’s main stock index rose on Monday as the financial, healthcare, and consumer staples sectors led a rally on the TSX, with energy and utilities shares limiting gains. Investors now await important corporate earnings and economic data coming later this week.
U.S. markets also rallied as traders looked for a batch of megacap technology earnings to keep driving the Nasdaq to new heights.
The Canadian dollar traded for 71.99 cents U.S. compared to 72.04 cents U.S. on Friday.
U.S. crude futures traded $3.86 lower at $67.92 a barrel, and the Brent contract lost $4.09 to $71.96 a barrel.
The price of gold was down US$7.13 to US$2,742.43.
In world markets, the Nikkei was up 691.61 points to 38,605.53, the Hang Seng was up 9.21 points to 20,599.36, the FTSE was up 36.78 points to 8,285.62, and the DAX was up 68.03 points to 19,531.62.
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(Top image generated with AI)