TSX Leads off Week with Wins - InvestingChannel

TSX Leads off Week with Wins

On a day of light trading, as markets south of the border took a day off, stocks in Toronto carved out small gains for themselves Monday, mostly in resource and consumer sectors.

The S&P/TSX Composite Index moved up 52.51 points to close Monday at 22,373.38.

The Canadian dollar hiked 0.2 cents at 73.35 cents U.S.

Osisko Mining grabbed ahold of 12 cents, or 4.1%, to $3.07, while Pan American Silver added $1.12, or 3.9%, to $29.87.

In the gold sector, New Gold improved nine cents, or 3.4%, to $2.78, while B2Gold obtained 16 cents, or 4.3%, to $3.91.

Consumer discretionary stocks were also in the plus column, thanks in part to Canada Goose Holdings, flying 29 cents, or 1.5%, to $19.41, while Magna International picked up 71 cents, or 1.2%, to $62.68.

Health-care stocks weighed on the market, though, with Bausch Health Companies off 20 cents, or 2.3%, to $8.51, while Chartwell Retirement Residences dipped 10 cents to $12.42.

Tech issues took a few blows, especially Constellation Software, tumbling $94.97, or 2.5%, to $3,723.03, while Dye & Durham lost 20 cents, or 1.6%, to $12.40.

Consumer staples also had a rough time of it, with George Weston falling $1.81 to $193.77, while Metro dished off 60 cents to $73.96.

Investors braced for Canada’s producer prices data for the month of April, due Tuesday, along with country’s first-quarter GDP figures, scheduled for Friday.

In Japan, the Nikkei 225 tacked on 0.7%, while in Hong Kong, the Hang Seng index gained 1.2%.

Oil prices regained 83 cents to $78.55 U.S. a barrel.

Gold prices brightened $18.00 to $2,352.50 U.S. an ounce.

ON BAYSTREET

The TSX Venture Exchange fell 1.54 points to conclude Monday trading at 606.41.

Eight of the 12 subgroups were positive, led by materials, up 1.1%, while consumer discretionary stocks improved 0.7%, and gold climbed 0.6%.

The four laggards were weighed most by health-care, down 0.8%, information technology, down 0.4%, and consumer staples slid 0.2%.

ON WALLSTREET

American markets were closed Monday for Memorial Day

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