Equities in Toronto fought their way into the green Monday, as energy stocks overcame weakness in gold concerns, as investors looked to what U.S. interest rates may do this week.
The TSX held onto gains of 34.61 points by the closing bell Monday to 20,582.12.
The Canadian dollar gained 0.33 cents to 75.93 cents U.S.
Energy stocks ruled the roost, as Athabasca Oil added 10 cents, or 2.9%, to $3.55, while Imperial Oil grabbed $1.67, or 2.5%, to $68.64.
In real-estate, Choice Properties REIT gained 27 cents or 2%, to $13.90, while Allied Properties REIT took on 30 cents, or 1.3%, to $22.63.
In communications, Quebecor jumped 64 cents, or 2%, to $32.86, while Cogeco Communications advanced 70 cents, or 1%, to $67.70.
Golds, however, were rather roughed up, as Centerra Gold retreated 17 cents, or 2.1%, to $8.09, while Wesdome Gold settled 16 cents, or 2.3%, to $6.78.
Utilities faded, too, as Innergex Renewable shed 33 cents, or 2.5%, to $12.89, while Brookfield Renewable Partners dipped 37 cents, or $39.25.
In consumer discretionary issues, Aritzia lost $1.06, or 4%, to $25.50, while Restaurant Brands International fell $1.52, or 1.5%, to $101.16.
ON BAYSTREET
The TSX Venture Exchange lost 4.67 points, to finish at 611.99.
Six of the 12 TSX subgroups were lower on the day, with gold failing 0.7%, while utilities and consumer discretionary stocks each off 0.2%.
The five gainers were led by energy, ahead 1.6%, real-estate better by 0.4%, and communications eking up 0.2%. Materials were unchanged.
ON WALLSTREET
The Dow Jones Industrial Average rose sharply Monday, notching its longest winning streak since February 2017, to kick off a busy week of key earnings reports and a major policy decision from the Federal Reserve.
The 30-stock index roared ahead 183.55 points to kick off Monday at 35,411.24, finishing with an 11th straight day of gains.
The S&P 500 added 18.30 points to 4,554.64.
The NASDAQ index gathered 26.06 points to 14,059.87.
Energy stocks led gains in the S&P 500, with the sector up about 1.7% after oil and gasoline futures touched a three-month high Monday.
Chevron rose nearly 2% after the oil giant reported preliminary second-quarter adjusted earnings Sunday that topped analysts’ estimates.
Wall Street is anticipating earnings results from some 150 S&P 500 companies this week, or about 30% of the broader index. Big tech earnings are on deck from Alphabet, Microsoft and Meta. Several big pharma companies are getting ready to report and it’s a big week for industrial companies and big oil as well.
Prices for the 10-year Treasury gained back lost ground Monday afternoon, raising yields to 3.88% from Friday’s 3.84%. Treasury prices and yields move in opposite directions.
Oil prices took on $1.85 to $78.92 U.S. a barrel.
Gold prices dropped $10.40 to $1,956.20 U.S. an ounce.