Stocks in Canada’s biggest market on Monday, hitting another fresh 2016 high as mining and energy stocks gained on the back of higher oil and gold prices.
The S&P/TSX Composite Index rocketed 215.24 points, or 1.6%, to 13,427.74, now aiming for a win streak of eight straight sessions. The market has gained more than 13% since its January 20 gulch.
The Canadian dollar regained 0.11 cents higher to 75.22 cents U.S.
The most influential gainers on the index included Barrick Gold, up 5.4% to $19.27, Goldcorp advancing 7.3% to $21.65, and Potash Corp adding 2.8% to $25.23.
Suncor Energy rose 2.7% to $34.65, and Enbridge added 1.2% to $49.49.
Valeant Pharmaceuticals International Inc jumped 5.8% to $86.40 after announcing a date for its delayed fourth-quarter results.
ON BAYSTREET
The TSX Venture Exchange picked up 8.9 points, or 1.6%, to 571.29
All 13 TSX subgroups were in the green, as metals and mining stocks climbed 3.9%, health-care was 3.7% haler, and materials solidified 3.2%.
ON WALLSTREET
Stocks south of the border traded mostly higher Monday, after their first three-week rally of the year so far, as investors eyed oil prices and awaited indications on monetary policy around the world.
The Dow Jones Industrial average marched ahead 50.09 points to 17,056.86, with Visa leading decliners and DuPont the top advancer.
The S&P 500 recovered 2.38 points to 2,002.37, as energy and materials traded more than 1% higher to lead advancers. Over the last 12 months, both sectors have been the worst performers in the index.
The NASDAQ index picked up 3.3 points to 4,720.32
Prices for the 10-year Treasury dipped, raising yields to 1.91% from Friday’s 1.88%. Treasury prices and yields move in opposite directions.
Oil prices added $1.50 a barrel to $37.42 U.S.
Gold prices popped $8.43 to $1,267.38 U.S. an ounce.
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