Stocks in Canada’s biggest markets recovered Monday rom steep losses of last week, as industrials and tech stocks put on wonderful performances.
The S&P/TSX Composite Index vaulted 86.53 points – off its highs of the day -- Monday at 15,119.91
The Canadian dollar regained 0.09 cents to 78.58 cents U.S.
Industrials rose, with the country's biggest rail operator, Canadian National Railway rising $1.39, or 1.4% to $102.26. Bombardier picking up seven cents, or 1.7%, to $2.63.
Techs rose with BlackBerry advancing 26 cents, or 2.3%, to $11.40, while Constellation Software ballooned $10.37, or 1.5%, to $704.00
Consumer staples were also on the move, as Saputo took on 12 cents to $43.43, while Metro gained 19 cents to $42.88.
Energy stocks faded, with Crescent Point Energy dropping 23 cents, or 2.6% to $8.64, while Canadian Natural Resources down 30 cents to $39.23.
Barrick Gold fell 32 cents, or 1.5% to $21.27, while Goldcorp was down 18 cents, or 1.1%, to $16.31.
ON BAYSTREET
The TSX Venture Exchange gained 1.83 points to 764.64
Eight of the 12 TSX subgroups were positive on the day, with industrials up 1.3%, information technology adding 1.2%, and consumer staples adding 1%.
The four laggards were weighed most by energy, down 1.3%, while gold and health-care sliding 0.8% each.
ON WALLSTREET
U.S. stocks closed sharply higher on Monday as traders saw geopolitical tensions easing.
The Dow Jones Industrials leaped 135.39 points Monday to 22,005.35, with Goldman Sachs, Apple and Boeing contributing the most gains.
The S&P 500 gained 24.52 points, or 1%, to 2,465.84, with information technology closing at a record high. The index was also on track for its best day since April 24, when it rose 1.081%
The NASDAQ jumped 83.68 points, or 1.3%, to 6,340.23, as shares of Tesla, Amazon and Facebook all rose.
Prices for the benchmark 10-year Treasury note backtracked, raising yields to 2.22% from Friday’s 2.19%. Treasury prices and yields move in opposite directions.
Oil prices dropped $1.31 to $47.51 U.S. a barrel
Gold prices dipped six dollars to $1,288 U.S. an ounce.
