Advantage, Restaurant Brands in Focus
Whatever funk stocks in Toronto had been in most of the spring has been pushed aside. Monday, equities in the nation’s biggest centre enjoyed triple-digit gains as their American cousins enjoyed some time off.
The S&P/TSX leaped 170.82 points to conclude Monday at 20,919.40.
The Canadian dollar gained 0.40 cents to 78.98 cents U.S.
Energy stocks were champions on a day of subdued trading, as Advantage Oil & Gas grabbed 66 cents, or 6.3%, to $11.11, while Secure Energy Systems advanced 14 cents, or 5.8%, to $7.49.
In consumer discretionary stocks, Restaurant Brands International dashed ahead $1.63, or 2.5%, to $66.68, while Linamar moved ahead $1.31, or 2.5%, to $54.18.
Information technology stocks also shone, with HUT 8 jumping 36 cents, or 11.3%, to $3.56, while Softchoice grabbed $1.45, or 6.6%, to $23.41.
Utilities fell short, however, with Boralex slumbering $1.57, or 3.9%, to $39.20, while Brookfield Infrastructure Partners faltered $1.36, or 1.8%, to $75.85.
In gold stocks, Alamos Gold let go of two cents to $9.60, while B2Gold handed over a penny to $5.13
Communications also took their knocks, as Quebecor slumped 36 cents, or 1.2%, to $28.57, while Rogers fel 66 cents, or 1%, to $64.97.
Oil prices towered $2.10 to $117.17 U.S. a barrel.
Gold prices acquired $1.20 to $1,852.50 U.S. an ounce.
ON BAYSTREET
The TSX Venture Exchange spiked 13.64 points, or 1.9%, to 737.83.
All but three of the 12 TSX subgroups remained in the green by the closing bell, as energy raced 2.5%, while consumer discretionary stocks added 1.8%, and information technology hiked 1.6%.
The three laggards proved to be utilities, down 0.9%, gold, sliding 0.2%, and communications dipped 0.1%
ON WALLSTREET
U.S. markets were shuttered Monday for Memorial Day.
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