Equities in Canada’s largest centre improved Monday on Friday’s vast jump forward, largely on the strength of industrial and energy issues.
The TSX Composite gained 63.97 points, to conclude Monday at 18,294.92.
The Canadian dollar gave back 0.4 cents to 72.89 cents U.S.
Industrial stocks were the star of the show, with WSP Global vaulting $4.30. or 2.8%, to $158.56, while Finning International advanced 70 cents, or 2.7%, to $26.53.
Utilities also shone, with Transalta Renewables making headway 48 cents, or 3.6%, to $13.94, while Transalta Corp., stepped forward 26 cents, or 2.6%, to $11.79.
In energy issues, Tamarack Valley Energy jumped 25 cents, or 5.7%, to $4.61, while Headwater Exploration added 29 cents, or 4.3%, to $7.01.
Health-care moved downward, though, with Tilray dropping 23 cents, or 5%, to $4.36, while rival Canopy Growth shed nine cents, or 2.8%, to $3.15.
In materials, Hudbay Minerals lost 31 cents, or 5.7%, to $5.13, while First Quantum Minerals sank $2.21, or 8.3%, to $24.51.
Gold also got bruised, as Eldorado Gold dipped 18 cents, or 2.2%, to $8.10, while Equinox Gold handed over a dime, or 2.2%, to $4.51.
Focus is on the Bank of Canada’s policy decision on Wednesday, with traders pricing in a 70.2% chance of a supersized 75-basis-point hike, taking its overnight lending rate to a 14-year high at 4%.
ON BAYSTREET
The TSX Venture Exchange faded 5.34 points, to 587.90.
All but three of the 12 TSX subgroups gained ground, as industrials climbed 1.1%, while utilities and energy each rumbled forward 0.9%,
The three laggards were health-care, sliding 1.8%, materials, skidding 1.7%, and gold, dulling in price 0.7%.
ON WALLSTREET
The three major indexes closed higher Monday as traders tried to add to sharp gains seen last week and weighed the latest moves in rates.
The Dow Jones Industrials bolted 417.06 points, or 1.3%, to 31,499.62.
The S&P 500 leaped 44.59 points, or 1.2%, to 3,797.34.
The NASDAQ advanced 92.9 points to 10,924.92.
Investors will watch for earnings from Big Tech names. Results for Alphabet and Microsoft are out Tuesday. Apple and Amazon are due Thursday.
Treasury prices fell back, raising yields to 4.25% from Friday’s 4.22%. Treasury prices and yields move in opposite directions.
Oil prices slid 23 cents to $84.82 U.S. a barrel.
Gold prices sagged $2.10 to $1,654.20 U.S. an ounce.