Markets in Toronto opened higher on Monday, helped by gains for Bombardier Inc, big banks and railway stocks, while BlackBerry Ltd pulled back after a recent rally.
The S&P/TSX Composite Index bore ahead 9.31 points to open Monday at 15,426.24
The Canadian dollar was unchanged at 74.35 cents U.S.
Bombardier took on eight cents, or 3.6%, to begin the session at $2.33.
Fairfax Financial Holdings plans to sell a 12.2% stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees, according to the Indian company.
Fairfax dipped $1.28 to $608.00.
Raymond James cut the rating on BlackBerry Ltd. to market perform from outperform. BlackBerry handed back a dime to $14.85.
National Bank of Canada raised the price target on Sandvine Corp. to $4.50 from $3.25. Sandvine shares galloped 74 cents, or 23.5%, to $3.89.
ON BAYSTREET
The TSX Venture Exchange added 1.17 points to 809.76
Seven of the 12 TSX subgroups gained, with industrials up 0.5%, consumer staples prospering 0.3%, and consumer discretionary stocks better by 0.2%.
The five laggards were co-led by real-estate, gold and utilities, each down 0.1%.
ON WALLSTREET
Markets are shuttered south of the border for Memorial Day
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