Stocks in Toronto were higher to start the week lead by gains in the Energy and Health sectors.
The S&P/TSX gained 314.69 points to 18,709.14.
The Canadian dollar added 0.47 cents to 77.33 cents U.S.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in June slowed compared with May. The national housing agency says the seasonally adjusted annual rate of housing starts came in at 273,841 units for June, down three per cent from 282,188 in May.
ON BAYSTREET
The TSX Venture Exchange was ahead 15.57 points to 600.
All of 12 TSX subgroups were higher led by a 4.04 percent gain in Energy followed by a 3.05 percent rise in Health-care stocks and a 1.97 percent jump in Material issues.
ON WALLSTREET
U.S. stocks jumped on Monday as Goldman Sachs reported an earnings beat to start a busy week of quarterly reports, and as investors bet that the Federal Reserve will be less aggressive against inflation than feared.
The Dow Jones Industrial Average added 185 points, or 0.6%. S&P 500 gained 0.79%, while the Nasdaq Composite advanced 1.3%.
Goldman Sachs posted earnings and revenue that easily beat expectations, reporting that the firm’s fixed income traders generated about $700 million more revenue than expected. Shares popped nearly 4%.
Meanwhile, Boeing shares gained more than 4% on news that Delta Air Lines was buying 100 737 Max 10 planes.
Gold for August delivery rose $9.80, or 0.6%, to $1,713.40 an ounce.
Brent crude contracts for September, the global pricing benchmark, rose $2.58 to $103.66 per barrel.