Markets in Toronto still managed to keep whatever green they had started out with Monday when the closing bell sounded, mostly on the strength of resource stocks.
The TSX Composite Index sneaked up 10.27 points to end Monday at 17,128.71
The Canadian dollar sank 0.03 cents to 76.03 cents U.S.
Health-care proved the heaviest anchor, as Aurora Cannabis fell 28 cents, or 9.5%, to $2.67, while HEXO slipped 11 cents, or 4.2%, to $2.53.
Among techs, Enghouse Systems sank $1.99, or 3.9%, to $49.22, while Sierra Wireless dipped 43 cents, or 3.4%, to $12.35.
In the financial sector, Brookfield Asset Management backpedaled 99 cents, or 1.3%, to $75.70, while Equitable Group floundered $1.66, or 1.5%, to $111.21.
Gold shone brightly Monday, as Alamos Gold jumped 54 cents, or 7.9%, to $7.41, while NovaGold Resources collected 72 cents, or 7.4%, to $10.48.
In materials, First Majestic Silver gained $1.08, or 7.9%, to $14.73, while Endeavour Mining muscled up $1.30, or 5.7%, to $23.99.
Energy stocks such as Baytex Energy moved to higher ground, up 16 cents, or 9.4%, to $1.87. Vermillion Energy popped 90 cents, or 4.4%, to $21.54.
On the economic calendar, Statistics Canada reported that this country’s Gross Domestic Product edged down 0.1% in October, the first decline in eight months.
Goods-producing industries were down 0.5%, the second consecutive monthly decline. Services-producing industries were essentially unchanged as increases in most sectors compensated for declines in wholesale trade and retail trade.
ON BAYSTREET
The TSX Venture Exchange rose 5.09 points to 553.93
Seven of the 12 subgroups were lower, as health-care dropped 2%, information technology lost 1.4%, and financials, slipped 0.6%
The five gainers were led by gold, up 3%, materials, advancing 2.2%, and energy gained 1.7%.
ON WALLSTREET
Stocks climbed higher on Monday, hitting new records, as the year-end rally continues
The Dow Jones Industrials gained 96.44 points to 28,567.68
The S&P 500 added 2.79 points to 3,224.01.
The NASDAQ acquired 20.69 points to 8,945.65. The three major averages all posted record closes
Shares of Boeing led the gains, jumping 2.9% after the company ousted CEO Dennis Muilenburg amid the 737 Max crisis.
The U.S. stock market closes at 1 p.m. ET on Tuesday for Christmas Eve and is closed on Wednesday for Christmas. Thursday and Friday are regular trading days.
Shares of Boeing jumped about 2.7% after the company fired CEO Dennis Muilenburg amid the 737 Max crisis.
Apple rose 1.6% on Monday after Wedbush’s Dan Ives — the tech giant’s biggest bull on Wall Street — raised his price target to $350 a share, 25% higher than where the stock currently trades.
Investors cheered the news from China overnight as the country announced starting January 1, it will lower import tariffs on over 850 products ranging from frozen pork to some types of semiconductors. China is making efforts to boost imports amid a slowing economy and a trade war with the U.S.
On the data front, the U.S. Census Bureau said new home sales in November totaled 719,000, or 13,000 less than expected. Durable goods orders rose 0.1% last month, in line with estimates but down 1.1% from the same month a year ago.
Prices for the 10-Year U.S. Treasury sagged, raising yields to 1.93% from Friday’s 1.92%. Treasury prices and yields move in opposite directions.
Oil prices regained 24 cents to $60.68 U.S. a barrel.
Gold prices recovered $8.10 at $1,489.00 U.S. an ounce.
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