The S&P/TSX composite index was up 59.53 points to reach noon at 14,265.25.
Gold-mining shares benefited from the fortunes of firms like Barrick Gold, which advanced 0.5% to
Shares of energy producers jumped 1%. Suncor Energy added 1% to
Investors were also turned their attention to the major Canadian banks, which will begin unveiling quarterly results this week. Bank of Montreal will report on Tuesday.
Financials were up slightly, with Bank of Nova Scotia climbing 0.5% to
In corporate news, BlackBerry shot up 7%, to
Economically speaking, data for February showed an improvement in German business morale, which beat market expectations and hit its strongest level since
Closer to home, Statistics Canada will release growth data for December and the fourth quarter on Friday. Economists looked for the economy to contract by 0.3% in December, largely because of crippling ice storms in
Growth for the quarter is reckoned to come in at 2.5%
All but four of the 14 Toronto subgroups were higher, led by energy stocks, up 1.3%, industrials improved 1%, and information technology picked up 0.9%
The four laggards were weighed mostly by global base metals, fading 0.5%, while metals and mining dipped 0.3%, and utilities fell 0.2%.
The S&P 500 touched a new record high early Monday as investors remain optimistic about the economy and corporate earnings.
The Dow Jones Industrial Average spiked 192.23 points, or 1.2%, to pause midday at 16,295.57
The S&P 500 index added 22.16 points to 1,858.41. The NASDAQ gained 47.26 points to 4,310.67
Investors have been encouraged by corporate profits that beat analysts' expectations. According to FactSet Research, 72% of the companies in the S&P 500 have reported earnings for the fourth quarter that topped analysts' expectations.
In the corporate world, Comcast said Sunday that it will allow Netflix to connect directly to its broadband network, allowing for faster streaming.
Shares of HSBC slid after the bank reported earnings that came in below expectations.
Shares of Groupon stabilized after taking a 22% dive Friday. Shareholders pressed the sell button last week after the company warned it was expecting to report a loss in the first quarter.
On the earnings front, Solar City and Live Nation will report after the closing bell.
Investors welcomed comments from global finance officials, who emphasized stimulating economic growth over austerity.
The G20 -- the world's 19 richest nations and the
Prices for 10-year U.S. Treasuries slid slightly, lifting yields to 2.74% from Friday's 2.73%. Treasury prices and yields move in opposite directions
Oil prices gained a full dollar to
Gold prices gained
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Sues Big Banks Over Rate Manipulation
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Stocks Close Lower Ahead of Crimea Vote
- Vybz Kartel Convicted of Murder
- U.S. Consumer Sentiment Falls in Early March
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- Jittery Investors Dumping Russian Stocks
- Ulta Shares Look Good on Strong Q4
- FDIC Accuses Big Banks of Fraud, Conspiracy