Equities in Canada’s main stock index moved doggedly up by midday on Monday as concerns over a rise in coronavirus infections globally led investors hold back on trades, while Brookfield Business Partners jumped after it announced the takeover of a U.S. based car parts maker.
The TSX Composite index gathered 28.5 points to move into noon hour at 20,254.61.
The Canadian dollar dropped 0.03 cents to 80.93 cents U.S.
The largest percentage gainers on the TSX were Cascades, which jumped 78 cents, or 5.2%, to $15.92, and Fairfax Financial Holdings, which rose $23.00, or 4.3%, to $560.00.
Interfor fell 54 cents, or 1.8%, to $30.20, while West Fraser Timber slipped $1.34, or 1.5%, to $86.71.
Oil prices regained 14 cents to $75.30 U.S. a barrel.
Gold prices picked up $8.40 to $1,791.70 U.S. a pound
ON BAYSTREET
The TSX Venture Exchange fell 3.26 points to 965.13
Eight of the 12 TSX subgroups gained ground by lunch time Monday, with real-estate up 0.4%, materials better by 0.3%, and utilities, up 0.2%.
The four laggards were weighed most by energy, doffing 0.7%, consumer staples sagging 0.4%, and health-care, down 0.3%.
ON WALLSTREET
American markets are closed for the Fourth of July holiday.
Happy Fourth, Uncle Sam!
