Canada's main stock index opened only marginally higher on Monday, led by gains in technology ?shares, as a ?more than 3% dip in oil ?prices boosted ?sentiment, while investors awaited remarks ?from the ?Bank of ?Canada governor ?for ?cues on future policy ?path.
The TSX poked ahead 2.64 points to open Monday at 35,809.29
The Canadian dollar docked 0.12 cents to 71.49 cents.
The commodity-heavy Canadian benchmark is up nearly ?13% so far this year, outperforming the U.S. benchmark index S&P 500's ?11.8% gain.
Market participants await Bank of Canada Governor Tiff Macklem's ?speech, scheduled later ?in the day, for clues on the central bank's future policy path.
ON BAYSTREET
The TSX Venture Exchange lost 5.89 points to begin the day and the week at 917.18
The 12 subgroups were evenly split at the opening bell on Monday, as information technology picked up 1.2%, while financials were richer 1%, and real-estate gained 0.5%.
The half-dozen laggards were weighed most by energy, down 2.1%, gold, retreating 1.3%, and materials, off 1%.
ON WALLSTREET
U.S. stocks rose on Monday as oil prices and Treasury yields slipped, with Wall Street looking to recover from a mostly lower week.
The Dow Jones Industrials stumbled 96.11 points to 51,681.93
The S&P 500 Index changed directions and headed higher 12.47 points to 7,650.24.
The NASDAQ Composite regained 104.25 points to 26,522.55.
AI-related stocks were higher Monday. Shares of Intel and Advanced Micro Devices added 8% each, while others such as Qualcomm increased 3%.
Prices for the 10-year Treasury bounced, lowering yields to 4.96% from Friday’s 5.01%. Treasury prices and yields move in opposite directions.
Oil prices retreated $4.65 to $95.65 U.S. a barrel.
Gold prices recovered $49.70 to $4,375.20 U.S. an ounce.
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