Equities on this side of the border pretty much mimicked their American cousins, growing by leaps and bounds while venting relief as the presidential campaign winds down
The S&P/TSX Composite jumped 143.2 points, or 1%, to close Monday at 14,652.45
The Canadian dollar gained 0.17 cents to 74.78 cents U.S.
Energy stocks proved the strongest on the day, as Baytex Energy advanced 21 cents, or 4.2%, to $5.16, while EnCana Corporation gained 48 cents, or 3.7%, to $13.64.
Industrial stocks also moved ahead, with Air Canada lifting off 89 cents, or 7.5%, to $12.83, while Cargojet soared $1.21, or 2.7%, to $46.79.
Consumer discretionary stocks moved upward, as Ritchie Bros. Auctioneers gained 57 cents, or 1.2%, to $46.80.
It was gold that proved the problem child Monday, with Kinross Gold taking a 4% thumping, losing 22 cents to $5.28, while Barrick Gold slid $1.29, or 5.3%, to $23.21.
ON BAYSTREET
The TSX Venture Exchange was down 4.11 points to 757.87.
All but two of the 12 TSX subgroups were higher, as energy soared 1.7%, industrials galloped 1.6%, and consumer discretionary, up 1.5%.
The two laggards were gold, down 3.9%, and materials, off 1.4%.
ON WALLSTREET
U.S. equities ended Monday on a high note, closing sharply higher, after the FBI again cleared Democratic nominee Hillary Clinton over her use of a private server.
The Dow Jones Industrials went skyward 371.32 points, or 2.1%, to finish Monday’s session at 18,259.60, with JPMorgan Chase leading all 30 components higher.
The S&P 500 climbed 46.34 points, or 2.2%, at 2,131.52, with health-care and financials leading all sectors higher. The index snapped a nine-day losing streak, its longest since December 1980
The NASDAQ composite index strengthened 119.8 points, or 2.4%, to 5,166.17
In a letter sent to Congress on Sunday, FBI Director James Comey said the bureau had "not changed its conclusions," reached in July, on Clinton's private email server. This new investigation, which came to light on October 28, kept financial markets across the globe on edge.
Financial markets in the U.S. and around the world had been largely pricing in a victory for Clinton over Republican nominee Donald Trump. Market expectations for Congress, meanwhile, had been for the House to remain under GOP control while the Senate flips in favour of the Democrats.
The economic data calendar was a light one on Monday, with consumer credit data for September due late in the afternoon.
Prices for the 10-year Treasury staggered, raising yields to 1.83% from Friday’s 1.77%. Treasury prices and yields move in opposite directions.
Oil prices gained 85 cents to $44.92 U.S. a barrel
Gold prices dipped $22.30 to $1,282.20 U.S. an ounce.
