Canada’s main stock index was subdued at the open on Monday, with losses in technology stocks countering gains in materials, while investors await domestic inflation data due later this week.
The TSX gained 103.35 to begin the week at 19,521.98, after a week of heavy losses.
The Canadian dollar ditched 0.12 cents to 75.94 cents U.S.
Suncor said on Sunday it experienced a cybersecurity incident, adding that some transactions with customers and suppliers could be impacted while they investigate and resolve the situation. Suncor shares picked up 61 cents, or 1.6%, to $38.12.
All but three of the 12 TSX subgroups were in positive country, with energy climbing 1.8%, health-care haler by 0.9%, and financials better 0.7%.
The three laggards were gold, down 0.4%, communications, sliding 0.3%, and utilities, off 0.2%.
ON BAYSTREET
The TSX Venture Exchange recovered 3.06 points to 601.80.
ON WALLSTREET
The S&P 500 rose slightly on Monday as Wall Street looked to see if the market rally could find more momentum in the final week of June.
The Dow Jones Industrials nicked up 1.85 points to begin the last week of the month at 33,729.28.
The S&P 500 regrouped 10.65 points to 4,358.98.
The NASDAQ index moved forward 68.48 points to 13,560.99.
Segments of the market are still on track for a banner first half of the year. The tech-heavy NASDAQ Composite is up nearly 29% and the S&P’s gained more than 13%. The Dow’s lagged behind, up less than 2%.
The final week of June is a light one for economics reports and corporate earnings, which are highlighted by Walgreens Boots Alliance on Tuesday and Nike on Thursday.
Traders are also keeping an eye on Europe, after Russia saw a brief rebellion by a private military group over the weekend. Uncertainty about the situation there could keep the markets on edge.
Prices for the 10-year Treasury were unchanged, keeping yields at Friday’s 3.74%.
Oil prices gained 14 cents to $69.30 U.S. a barrel.
Gold prices added four dollars to $1,933.60 U.S. an ounce.