Equities in Canada’s largest centre maintained life on the plus on Monday, with rises for gold and industrials offsetting declines in health-care stocks.
The S&P/TSX Composite gained 42.13 points to close Monday at 14,682.01
The Canadian dollar faded 0.15 cents at 76.74 cents U.S.
Gold led the parade, with Kinross sprouting eight cents, or 1.4%, to $5.68, while Barrick Gold added 27 cents, or 1.1%, to its sheen, finishing up at $23.96.
Industrials also exhibited strength, as Bombardier increased two cents a share in price, or nearly 1%, to $2.07, while Canadian Pacific grew $2.40, or 1.2%, to $201.43.
Health-care fared not as well, with Valeant Pharmaceuticals down 75 cents, or 1.9%, to $39.39.
Information technology backpedaled, as BlackBerry lost seven cents to $10.31.
ON BAYSTREET
The TSX Venture Exchange dipped 0.4 points to 805.93
Seven of the 12 subgroups remained positive on the day, as gold shone brighter 1.2%, materials took on 1.1%, and industrials were stronger by 0.5%.
The five laggards were weighed most by health-care, off 1.1%, real-estate sagging 0.6%, and information technology, down 0.5%.
ON WALLSTREET
Stocks closed higher on Monday, with financials and materials leading, as investors digested economic data while looking for clues about the U.S. Federal Reserve's next move.
The Dow Jones Industrials jumped 107.59 points to 18,502.99, with DuPont leading advancers and Nike the greatest laggard.
The S&P 500 gained 11.34 points to 2,180.38, with financials leading all sectors higher.
The NASDAQ Composite hiked 13.41 points to 5,232.33.
In corporate news, Mylan said it would launch an EpiPen generic at a 50% discount to the branded product's list price. The pharmaceutical firm has been under amid the rapid price increases for the EpiPen.
Meanwhile, activist investor Carl Icahn said late Friday he bought 2.3 million shares of Herbalife after Bill Ackman said he was approached indirectly by Icahn to buy the billionaire's stake in Herbalife.
In the economic basket, consumer spending in the U.S. rose 0.3% in July, in line with expectations. The personal consumption expenditures price index, the Fed's preferred inflation indicator, rose 0.1% last month and is up 1.6% over the 12 months through July.
There are no more economic data due Monday, but investors are already looking ahead to the August jobs report, due Friday, as the odds of a rate hike next month have recently increased.
Market expectations for a Fed rate hike in September were at 30% Monday, after hovering close to 18% for most of last week
Prices for the 10-year Treasury strengthened, lowering yields to 1.57% from Friday’s 1.62%. Treasury prices and yields move in opposite directions.
Oil prices fell 64 cents at $47.00 U.S. a barrel
Gold prices regained 30 cents at $1,326.20 U.S. an ounce.
