Stocks rose in early trade Monday in Toronto, boosted by a rebound among financial stocks and gains for some railway and pipeline stocks.
The S&P/TSX Composite Index gained 62.67 points to open Monday and the week at 15,598.15
The Canadian dollar recovered 0.28 cents at 75.28 cents U.S.
Markets in North America were closed Friday for Good Friday.
Among banking issues, TD improved 43 cents to $65.30, while Scotiabank rocketed 52 cents to $76.51.
Consumer staples also reported gains, as Metro Inc. picked up 22 cents to $41.83, while Loblaw advanced 51 cents to $72.00
Bombardier’s hopes of receiving initial payments for a A$4.4-billion contract to build 75 electric trains for Australia's Queensland state government have been negatively affected by accusations of design faults.
Bombardier shares inched up two cents to $2.29.
Canaccord Genuity starts coverage on Yangarra Resources with a speculative buy rating and $4.00 price target
Yangarra shares dropped five cents, or 1.8%, to $2.71.
ON BAYSTREET
The TSX Venture Exchange grew 4.85 points to 834.62
All but three of the 12 TSX subgroups gained ground soon after the opening bell, as financials steamed ahead 0.7%, consumer staples overachieved 0.6%, and industrials gained 0.4%.
The three laggards were health-care, off 0.8%, while gold and real-estate listed lower 0.1% each.
ON WALLSTREET
U.S. equities opened higher on Monday as investors shrugged off brewing geopolitical tensions as earnings season kicked off.
The Dow Jones Industrials strengthened 76.1 points to begin the week at 20,529.35, with Goldman Sachs contributing the most gains.
The S&P 500 gained 7.24 points to 2,336.19, with financials and industrials leading advancers.
The NASDAQ Composite improved 21.27 points to 5,826.42.
Meanwhile, earnings season was set to kick into full gear this week, with Goldman Sachs, Bank of America and eBay, among others, set to report this week. Netflix was also set to report Monday after the close.
Investors have high hopes for first-quarter earnings, with Wall Street expecting the best season since 2011.
But it's the second-quarter guidance that has some analysts worried.
One media outlet said that just six of the 29 S&P 500 components that had reported also raised their second-quarter estimates, while 18 lowered them.
Vice President Mike Pence said the "era of strategic patience" with North Korea was over.
Pence made the comments on the border between North and South Korea a day after North Korea's failed missile test. The Trump administration is working with China and its allies on a response to North Korea's missile program.
The National Association of Home Builders/Wells Fargo Housing Market index hit 71 in March, a notable jump from 58 in March of 2016. Anything above 50 on the index is considered positive sentiment.
Prices for the benchmark 10-year Treasury note were unchanged, keeping yields at Thursday’s 2.23%.
Oil prices fell 14 cents at $53.04 U.S. a barrel
Gold prices heightened $2.10 at $1,290.60 U.S. an ounce.
