Stock indexes in Canada’s largest centre raced upward Monday, led by a gain in Health-care and Tech shares.
The TSX Composite jumped 387.86 points to 18714.21.
The Canadian dollar rose 0.66 cents to 72.84 cents U.S.
ON BAYSTREET
The TSX Venture Exchange was up 7.72 points to 588.81.
All of the 12 TSX subgroups were positive, led by a 3.69% gain in Health-care stocks, a 3.61% rise Technology issues and a 3.28% in utility stocks.
ON WALLSTREET
U.S. stocks jumped higher Monday as investors looked for an easing in the bond market ahead of another busy week for earnings releases on Wall Street.
The Dow Jones Industrial Average gained 510 points, or 1.7%. The S&P 500 jumped 2.5%, and the tech heavy Nasdaq Composite surged 3.2%.
Bank of America on Monday reported better-than-expected results, sending the stock higher in the stock up nearly 5%.
Bank of New York Mellon posted results that beat analyst expectations sending its shares up more than 5%.
The New York Fed’s Empire State manufacturing index fell for a third straight month, declining 8 points to negative-9.1, compared with expectations for a reading of negative-5.
The December crude oil contract was up 65 cents at US$85.30 per barrel.
The December gold contract was up US$19.20 at US$1,668.10 an ounce.
The yield on the 30-year fell 47 basis points, or 0.47 percentage points.
