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Canada Goose Holdings Inc(GOOS-T)

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TSX Has Stage All to Itself, Rises Sharply

Baystreet - Mon May 30, 10:52AM CDT
Canada's main stock index rose steadily on Monday, as gains in oil prices drove energy shares higher, with trading volumes reduced by a U.S. market holiday.

The S&P/TSX sprouted wings and flew 133.04 points to break for lunch at 20,881.62.

The Canadian dollar gained 0.43 cents to 79.01 cents U.S.

Energy stocks continued to rule the roost, with Headwater Exploration soaring 29 cents, or 4.1%, to $7.44, while Secure Energy Systems popped 28 cents, or 4%, to $7.36.

Among consumer discretionary stocks, Canada Goose Holdings hiked 76 cents, or 2.9%, to $26.71, while BRP Inc. advanced $2.65, or 2.7%, to $102.55.
Utilities weighed on the market, though, as Boralex sagged $1.21, or 3%, to $39.56, while Innergex Renewable gave back 34 cents, or 1.9%, to $17.17.

Oil prices towered 99 cents to $116.06 U.S. a barrel.

Gold prices acquired $3.30 to $1,854.60 U.S. an ounce.


The TSX Venture Exchange rose 7.28 points to 731.47.

All but three of the 12 TSX subgroups remained in the green by lunch time, as energy pumped higher 1.8%, while consumer discretionary stocks added 1.7%, and information technology hiked 1.5%.

The three laggards proved to be utilities, down 0.7%, gold, sliding 0.3%, and materials, dipping 0.1%.


U.S. markets are shuttered Monday for Memorial Day.

Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.