Canada's main stock index opened higher on Monday, boosted by shares of consumer discretionary stocks
The S&P/TSX Composite Index gained 70.44 points to begin a new week at 16,113.98
The Canadian dollar demurred 0.05 cents at 77.23 cents U.S.
Canadian Tire hiked $1.42 to $165.84, while Magna International gained 73 cents to $84.23.
IA Securities raised the rating on Dollarama Inc. to buy from hold. Dollarama gained $2.49, or 1.7%, to $152.29.
Among techs, BlackBerry gained seven cents to $15.14.
In the health-care sector, Aphria Inc. gathered 18 cents, or 1.5%, to $11.96.
Citigroup raised the price target on Bank of Montreal to $120 from $116. BMO shares picked up 43 cents to $100.69.
ON BAYSTREET
The TSX Venture gained 1.39 points to 767.33
All but one of the 12 TSX subgroups were higher in the first hour of trading on Monday, with consumer discretionary stocks vaulting 0.8%, while information technology and health-care each added 0.7%.
Gold tailed off 0.1%.
ON WALLSTREET
U.S. stocks rose on Monday, adding to gains seen in the previous session, as Apple led the technology sector to a record high.
The Dow Jones Industrials hiked 196.15 points to 24,831.36, with Apple rising 1%. The tech giant's stock also hit an all-time high.
The S&P 500 leaped 10.23 points to 2,745.05, with tech rising 0.4%.
The NASDAQ gained 20.8 points to 7,575.14, and traded less than 1% from its intraday record as Amazon also hit an all-time high.
In corporate news, Microsoft rose 0.9% after announcing it was acquiring GitHub, a software developer platform, for $7.5 billion.
Leaders from seven of the largest economies in the world are set to meet in Canada this week at a time when trade tensions between the U.S. and key trade partners have increased.
Prices for the benchmark for the 10-year U.S. Treasury dropped, raising yields to 2.92% from Friday’s 2.9%. Treasury prices and yields move in opposite directions.
Oil prices dipped 34 cents at $65.47 U.S. a barrel.
Gold prices inched up 10 cents to $1,299.40 U.S. an ounce.
