Stocks in Canada’s biggest marketplace remained afloat, yet off the dizzy heights of the morning, as some of the excitement over oil prices faded by the closing bell.
The S&P/TSX Composite Index was positive 32.23 points to close Monday at 12,845.63.
The Canadian dollar improved 0.29 cents to 72.93 cents U.S.
Metals stocks proved the champion Monday, as Teck Resources screamed higher 14.5% to $9.33, while Franco-Nevada climbed 1.4% to $79.81.
Energy stocks also fared well, with Suncor jumping 3.1% to $33.89, while Canadian Oil Sands acquired 0.5% to $9.23.
Information technology shares made progress with BlackBerry leaping 2% to $10.00
Health-care stocks proved another story, as stalwart Valeant Pharmaceuticals International plummeted nearly 11% to $104.16.
Also faltering were financials, as RBC lost 1.1%, to $70.49, while TD Bank was off 0.4% to $52.23.
Gold stocks like Goldcorp were drubbed 2.5%, to $20.71.
ON BAYSTREET
The TSX Venture Exchange gained 3.62 points to 534.41
All but three of the 13 TSX subgroups were higher, with metals and mining zooming 7.7%, energy surging 2.9%, and information technology better by 1.5%.
The three laggards were health-care, sagging 2.9%, financials, down 0.3%, and gold, off 0.1%.
ON WALLSTREET
U.S. stocks closed more than 1% higher Monday, building on their best weekly gain of 2016, as oil prices climbed.
The Dow Jones industrial average leaped 228.67 points, or 1.4%, to 16,620.66, to trade within 10% of its 52-week intraday high, out of correction territory on an intraday basis, with United Technologies leading advancers and Exxon Mobil the only decliner.
The S&P 500 took on 27.09 points, or 1.4%, to 1,944.87, or out of correction, with energy and consumer discretionary leading advancers.
The NASDAQ index gained 66.18 points, or 1.5%, to 4,570.61
Shares of United Technologies spiked more than 6.5% following media reports that the Dow component and Honeywell held merger talks recently. Shares of United Technologies held more than 4.5% higher in the close to contribute about 28 points to the Dow.
The third-best S&P advancer was materials, led by gains in Freeport-McMoRan and Alcoa as copper and other industrial metals climbed. Freeport closed up 14.6%, while Alcoa rose 13.2%.
In U.S. economic news, the flash read on Markit Manufacturing PMI for February was 51.0, down from the final January print of 52.4.
Prices for the 10-year Treasury faded, raising yields to 1.76% from Friday’s 1.75%. Treasury prices and yields move in opposite directions.
Oil prices recouped $1.84 a barrel to $31.48 U.S.
Gold prices slumped $19.32 to $1,207.48 U.S. an ounce.
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