Canada's main stock index rose on Monday as investors jumped back into riskier assets as some tensions eased over North Korea, with heavyweight financials leading gains.
The S&P/TSX Composite Index vaulted 116.41 points to greet noon Monday at 15,149.79
The Canadian dollar regained 0.31 cents to 78.8 cents U.S.
The most influential movers on the index included Royal Bank of Canada, which rose 1.2% to $93.60, and Bank of Nova Scotia, which advanced 1.1% to $77.47.
Energy stocks climbed, with Enbridge Inc up 1.4% to $50.75. TransCanada Corp advanced 1.3% to $63.33.
Industrials rose, with the country's biggest rail operator, Canadian National Railway rising 1.6% to $102.51.
Barrick Gold fell 1.5% to $21.27, while Goldcorp was down 1.7% to $16.21.
Lumber producers also fell, with West Fraser Timber Co down 4.3% to $62.69 and Interfor Corp sliding 5.8% to $18.14.
ON BAYSTREET
The TSX Venture Exchange gained 0.41 points to 763.22
Eight of the 12 TSX subgroups were positive by noon, with information technology adding 1.5%, consumer staples up 1.4%, and industrials up 1.2%.
The four laggards were led health-care and gold, each off 0.8%, and materials, slipping 0.3%.
ON WALLSTREET
U.S. stocks traded sharply higher on Monday as traders saw geopolitical tensions easing.
The Dow Jones Industrials leaped 147.03 points by noon to 22,005.35, with Goldman Sachs, Apple and Visa contributing the most gains.
The S&P 500 gained 24.85 points to 2,466.17, with financials, real estate and information technology leading all sectors higher. The index was also on track for its best day since April 24, when it rose 1.081%
The NASDAQ jumped 75.08 points, or 1.1%, to 6,323.12, as shares of Tesla, Amazon and Facebook all rose.
Prices for the benchmark 10-year Treasury note backtracked, raising yields to 2.21% from Friday’s 2.19%. Treasury prices and yields move in opposite directions.
Oil prices dropped 39 cents to $48.43 U.S. a barrel
Gold prices dipped $3.90 to $1,290.10 U.S. an ounce.
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