Canada’s main index gained on Monday as energy stocks advanced on higher crude prices, while investors awaited domestic inflation data due this week.
The TSX hiked 133 points to pause for lunch at 19,551.238, after a week of heavy losses.
The Canadian dollar edged up 0.06 cents to 76.02 cents U.S.
NorthWest Healthcare Properties Real Estate Investment Trust lost 24 cents, or 3.8%, to $6.15, on Monday after brokerage BMO downgraded the stock to “market perform” from “outperform”.
Separately, Statistics Canada said in a flash estimate that Canadian factory sales most likely rose 0.8% in May from April, while wholesale trade most likely rose 3.5% in May from April.
All but two of the 12 TSX subgroups were in positive country, with energy climbing 1.9%, consumer staples up 1.1% and financials better 0.8%.
Only communications lost out, sliding 0.1%, while information technology stocks were unchanged.
ON BAYSTREET
The TSX Venture Exchange recovered 3.46 points to 602.20.
ON WALLSTREET
The S&P 500 was little changed 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 scampered backward 52.11 points to pause at noon at 33,675.32.
The much-broader S&P 500 fell 4.55 points to 4,343.78.
The NASDAQ index faded 33.63 points to 13,458.89.
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 higher, lowering yields to 3.71% from Friday’s 3.74%. Treasury prices and yields move in opposite directions
Oil prices lost 12 cents to $69.04 U.S. a barrel.
Gold prices added $7.70 to $1,937.30 U.S. an ounce.
Markets Duck by Noon Hour on European Uncertainty