Markets in Toronto proved their resilience, as did markets worldwide, in the wake of Friday’s deadly attacks in Paris. The market was moving higher, hoping to end a losing streak which has stretched to eight straight sessions
The S&P/TSX composite index progressed 76.19 points at 13,151.61.
The Canadian dollar dwindled 0.14 cents at 74.91 cents U.S.
National Bank cut the price target on Aimia Inc. to $11.50 from $13.50 after the company reported third quarter results that were again well below Gross Billings forecast due to a big miss in Canada and lighter performance in EMEA.
Aimia shares swooned 65 cents, or 6.7%, to $9.00
RBC raised the target on Power Corporation of Canada to $35.00 from $33.00 as the company reported third quarter results well above the expectation.
Power Financial shares sprang to life 47 cents, or 1.4%, to open Monday at $33.09.
Africa Oil Corp is out with third-quarter figures today, expecting a Q3 loss of one cent per share.
Africa shares took on a penny to $2.00.
Centric Health Corp projects a full-year loss of 11 cents per share. Centric shares inched up 1.5 cents, or 5.3%, to 30 cents.
Economically speaking, Statistics Canada reported that Canadian investors reduced their holdings of foreign securities by $6.2 billion in September, all non-U.S. foreign instruments. At the same time, foreign investors purchased $3.3 billion of Canadian securities, most of them equities.
What’s more, the agency reported that manufacturing sales declined 1.5% to $51.1 billion in September.
Lastly, the Canadian Real Estate Association said national home sales rose by 1.8% from September to October. Actual activity was little changed from October 2014. The number of newly listed homes was up 0.9% from September to October.
ON BAYSTREET
The TSX Venture Exchange moved up 1.42 points to 525.32
All but three of the 13 TSX subgroups were higher, led by consumer staples, charging ahead 1.6%, gold, shining 1% brighter, and health-care, haler by 0.6%.
The three laggards were metals and mining, down 0.9%, while real-estate and consumer discretionaries, each down 0.1%.
ON WALLSTREET
U.S. stocks traded mostly higher Monday, helped by some stabilization in oil prices, after a weak domestic manufacturing report and following terror attacks in Paris over the weekend.
The Dow Jones industrial average regained 51.14 points to begin the week at 17,296.38, with Chevron leading advancers and General Electric the greatest laggard.
The S&P 500 eked up 3.03 points to 2,026.07, with energy leading advancers and consumer discretionary the only decliner.
The NASDAQ index lopped off 4.4 points to 4,923.48, as Amazon fell 2%, and Apple gained about half a percentage point.
Futures gave up earlier attempts at gains after the November Empire Manufacturing index came in at minus 10.7 for a fourth-straight month of contraction.
No other major economic data is due Monday. The key report for the week is the Federal Reserve meeting minutes due out Wednesday.
Prices for 10-year U.S. Treasuries were higher, dropping yields to 2.26% from Friday’s 2.28%. Treasury prices and yields move in opposite directions.
Oil prices dipped six cents a barrel to $40.68 U.S.
Gold prices gained $2.11 to $1,086.02 U.S. an ounce.
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