Markets in Toronto maintained solid, if unspectacular, gains Monday, catching but a whiff of the excitement from south of the border.
The S&P/TSX Composite finished positive 27.46 points to 15,756.58 Monday
The Canadian dollar added 0.25 cents at 76.48 cents U.S.
Health-care stocks capitalized on the friendly air, with Canopy Growth Corporation soaring 58 cents, or 4.7%, to $12.98, while Concordia International acquired four cents, or 1.3%, to $3.25.
Among industrial stocks, Bombardier inched up a penny to $2.58, while Air Canada acquired “takeoff” of 36 cents, or 2.7%, to $13.95.
Gold issues, however, did not fare so well, as Kinross Gold reversed 16 cents, or 3%, to $5.18, while IAMGOLD dropped 11 cents, or 1.7%, to $6.23
Energy issues also stumbled, as Canadian Natural Resources lost 28 cents to $39.20, while Imperial Oil erased 28 cents to $42.36.
Materials issues also slouched, as Trevali Mining dipped three cents, or 2.2%, to $1.35, while Fortuna Silver Mines let go of 26 cents, or 3%, to $8.47.
Canada sends 75% of its exports to the United States and its prime minister, Justin Trudeau, looked to nurture economic ties when he visited President Trump on Monday.
ON BAYSTREET
The TSX Venture Exchange recovered 1.14 points to 837.30
Seven of the 12 subgroups were lower on the day, with gold trailing Friday’s close 0.9%, energy down 0.5%, and materials dipping 0.3%.
The five gainers were led by consumer discretionary issues, hiking 0.9%, health-care, moving 0.7%, and industrials, ahead 0.6%.
ON WALLSTREET
U.S. stocks climbed to new record highs Monday as investors remained bullish on President Donald Trump's economic agenda.
The Dow Jones Industrials jumped 142.34 points to 20,411.71, with Caterpillar leading advancers and Verizon lagging.
The S&P 500 gained 12.14 points to 2,328.24, with financials leading nine sectors higher and telecommunications lagging.
The NASDAQ added 29.83 points to 5,763.96, as Apple shares approached their all-time intraday high.
On the earnings front, Restaurant Brands International, Teva Pharma and First Data were among the companies posting quarterly results before the bell. Arch Capital Group, Noble Energy, Vornado Realty and OneMain Holdings are all due to report after the market close.
There were no major economic data due Monday, but investors will be looking ahead to Federal Reserve Janet Yellen's testimony on Capitol Hill, slated for Tuesday.
Prices for the benchmark 10-year Treasury note faded, raising yields to 2.43% from Friday’s 2.40%. Treasury prices and yields move in opposite directions.
Oil prices lost 97 cents to $52.89 U.S. a barrel
Gold prices dropped $8.80 to $1,227.10 U.S. an ounce.
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