TSX Reaches for Stars Monday
The S&P/TSX Composite climbed 179.89 points to conclude Monday at 21.537.45
The Canadian dollar picked up 0.14 cents to 79.86 cents U.S.
Energy stocks led the pack, Baytex being the star, ahead 19 cents, or 4.2%, to $4.71, while Advantage Oil and Gas bettered itself 28 cents, or 3.8%, to $7.67.
Among techs, Haivision Systems advanced 18 cents, or 2.8%, to $6.68, while Evertz Technologies strengthened 34 cents, or 2.6%, to $13.24.
Among financials, Canaccord Genuity captured 50 cents, or 3.3%, to $15.83, while Equitable Group acquired $1.89, or 2.8%, to $76.03.
Health-care issues let the side down, however, as Cronos Group dropped six cents, or 1.2%, to $4.85, while Tilray blushed 11 cents, or 1.3%, to $8.49.
Gold stocks lost some of their lustre, with Alamos Gold shedding six cents to $8.86, Eldorado Gold fell 10 cents to $11.87.
On the economic front, Statistics Canada reported foreign investors acquired $30.1 billion of Canadian securities in November, the largest investment since April 2020. At the same time, Canadian investors increased their holdings of foreign securities by $17.5 billion, led by purchases of U.S. shares.
The agency also said manufacturing sales rose 2.6% in November, mainly on higher sales of primary metal, petroleum and coal product, and non-metallic mineral product industries.
Oil prices jumped 48 cents to $84.30 U.S. a barrel.
Gold prices acquired $2.40 to $1,818.90 U.S. an ounce.
ON BAYSTREET
The TSX Venture Exchange muscled up 6.72 points to 909.71.
All but two of the 12 TSX subgroups were higher on the day, with energy accelerating 1.6%, information technology zooming 1.2%, and financials richer by 1%.
The two laggards were health-care, slipping 0.2%, and gold, off 0.1%.
ON WALLSTREET
U.S. markets are closed Monday for Martin Luther King Day
Stateside Markets Shuttered for Holiday
Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.
