Equities in Canada’s largest centre enjoyed triple-gains, mostly in the tech and energy sectors, crawling out of a three-week gully at which the index ended Friday.
The S&P/TSX Composite Index jumped 110.03 points to conclude trading on Monday at 16,106.24
The Canadian dollar recovered 0.10 cents at 74.61 cents U.S.
Among tech stocks, Shopify rocketed $14.31, or 5.6%, to $268.67, while BlackBerry climbed a dime to $12.42.
Energy stocks proved big stars, as Suncor grew 42 cents, or 1.4%, to $44.32, while Encana Corporation gained 22 cents, or 2.5%, to $9.18.
In the industrial sector, Air Canada got lift of 18 cents to $33.34, while Bombardier picked up three cents, or 1.1%, to $2.87.
Iamgold was among the biggest decliners, as gold prices slipped on Monday after equity markets regained some ground. Iamgold descended 19 cents, or 3.9%, to $4.66. Elsewhere in the gold patch, Kirkland Lake Gold lost 33 cents to $46.55
ON BAYSTREET
The TSX Venture Exchange gained 1.47 points to 619.55
All but one of the 12 TSX subgroups remained higher throughout the day, as information technology clicked 1.8% higher, energy gushed 1.4%, and industrials were 0.8% stronger.
Gold was the lone holdout against the positive tide, waning 0.7%.
ON WALLSTREET
Stocks rose on Monday as strong gains in tech shares like Apple and Facebook offset a steep decline in Boeing.
The Dow Jones Industrial Average roared higher 198.46 to end the day at 25,648.70, after falling more than 200 points.
The S&P 500 advanced 40.23 points, or 1.5%, to 2,783.30, led by a 2.2% jump in the tech sector.
The NASDAQ Composite climbed 149.92 points, or 2%, to 7,558.06.
The indexes also snapped a five-day losing streak.
Boeing fell 5.3% after a plane crash on Sunday that involved the 737 MAX 8 jet. This is the second crash in less than six months involving that model. Boeing's decline shaved off more than 150 points from the Dow given the index's price-weighted nature and the stock's high price relative to other Dow components.
Apple shares rose more than 3.5% after Bank of America Merrill Lynch upgraded the stock to buy from neutral, noting the company's recent pullback presents "opportunity." The bank also raised its 12-month price target to $210 per share from $180.
Facebook also gained 1.5% after Nomura Instinet upgraded it to buy from neutral. In a note to clients, analyst Mark Kelley said consumers are transitioning to Facebook's Stories format and its increased focus on messaging. Kelley also hiked his price target to $215 per share from $172.
Tech shares also got a boost after Nvidia announced it is buying Mellanox Technologies for $6.8 billion. Nvidia rose nearly 7% while Mellanox surged 7.8%
Monday's moves come after the major indexes posted their worst weekly performances of 2019 amid growing concerns of a possible economic slowdown around the world.
Prices for the benchmark 10-year U.S. Treasury fell a bit, raising yields to 2.64% from Friday’s 2.63%. Treasury prices and yields move in opposite directions.
Oil prices took on 75 cents to $56.82 U.S. a barrel.
Gold prices declined six dollars to $1,293.30 U.S. an ounce.
