Stocks in Canada’s largest centre restored some of their muscle by the closing bell Monday, with tech and health-care stocks supplying much of the strength.
The TSX was positive 29.25 points to conclude Monday at 19,921.31.
The Canadian dollar handed back 0.18 cents to 74.8 cents U.S.
Among techs, the biggest gainers, Lightspeed Commerce jumped $1.51, or 7.5%, to $21.58, while Shopify Inc. hiked $5.43, or 6.6%, to $87.31.
In consumer stocks, Sleep Country awoke 74 cents, or 2.8%, to $26.92, while Dollarama took hold off $1.70, or 2.1%, to $84.73.
Health-care stocks scored well, too, with Canopy Growth increasing eight cents, or 8.8%, to 99 cents, while rival Tilray picked up a dime, of 4.7%, to $2.23.
Energy stocks let the side down, however, as Athabasca Oil gave back 15 cents, or 5.1%, to $2.80, while Baytex Energy shed 20 cents, or 4.3%, to $4.42.
In real-estate, StorageVault decreased nine cents, or 1.5%, to $5.94, while Colliers International let go of $1.93, or 1.4%, to $132.58.
In utilities, Innergex Renewable Energy dipped 38 cents, or 2.7%, to $13.54, while TransAlta Corp. dropped 19 cents, or 1.4%, to $12.99.
ON BAYSTREET
The TSX Venture Exchange recovered 3.93 points to 614.25.
Eight of the 12 TSX subgroups moved into the green by the close, with information technology popping 2.9%, while consumer discretionary and health-care issues each grabbed 1.3%.
The four laggards were weighed most by energy, plummeting 2.2%, real-estate, swooning 0.4%, and utilities, down 0.3%.
ON WALLSTREET
The S&P 500 jumped to the highest in 13 months on Monday as traders hoped the Federal Reserve will skip hiking rates when the central bank decides on policy Wednesday.
The Dow Jones Industrials surged 190.47 points to 34,067.25.
The S&P 500 picked up 40.22 points to 4,339.08. The benchmark surpassed its high last August and reached the best levels since late-April 2022.
The NASDAQ index popped 202.78 points, or 1.5%, to 13,461.92.
NASDAQ and technology stocks led the way on Monday again, with Amazon and Tesla each up more than 2%.
Markets have come to expect that the Fed will skip another rate increase at this week’s meeting, with traders Monday morning pricing in a 74% chance that there will be no hike.
The central bank will ultimately decide to skip a rate hike for June, according to experts, who add the Fed likely isn’t done raising rates overall, however.
Prices for the 10-year Treasury gained back lost ground, lowering yields to Friday’s 3.74%. Treasury prices and yields move in opposite directions.
Oil prices slid $3.09 to $67.08 U.S. a barrel.
Gold prices shed $4.70 to $1,972.50 U.S. an ounce.
