Real-estate, tech stocks lead parade
The S&P/TSX composite index gained 65.33 points to close Monday at 15,261.64
The Canadian dollar added
Financials, rose as Toronto Dominion Bank gained 1.6% to
Shares of energy producers received support from higher oil prices. Enbridge advanced 0.1% to
Real-estate stocks fared best on the day, led by Brookfield Asset Management, which spiked
Information technology were also triumphant, most notably Celestica, up
An announcement by
On the economic slate,
All but two of the 14 Toronto subgroups were up on the day, with real-estate hoisted 1.2%, information technology stocks up 0.9%, and consumer staples up 0.8%.
The two naysayers were metals and mining, down but 0.04%, and health-care, off 0.01%, neither speaking too loudly.
U.S. stocks advanced Monday, though continued tensions in
The Dow Jones Industrials held onto gains of 16.05 points to 16,569.98
The S&P 500 advanced 5.33 points to 1,936.92. The NASDAQ composite tacked on 30.43 points to 4,401.33.
Monday's rally is being described as a relief rally after a selloff during the previous two weeks. The near-4% pullback on the S&P 500 began as investors fretted the U.S. Federal Reserve might raise rates sooner than expected in light of recent economic data that were stronger than expected.
Shares of Mannkind rallied 4.6% after the company reached a licensing deal with Sanofi to develop and sell inhaled insulin drug Afreeza in the U.S.
Shares of Tesla Motors Inc. rallied 4.6% after an upgrade to buy from Deutsche Bank. The bank also increased its price target on the stock to
Shares of Dean Foods slumped 3.9% after the milk and food company reported a wider-than-expected loss and withdrew its full-year outlook.
Kinder Morgan jumped 8.8% following plans to consolidate its oil-and-gas pipeline empire into a single company in a
Prices for 10-year U.S. Treasuries were unchanged on the day, keeping yields at Friday's 2.42%. Treasury prices and yields move in opposite directions.
Oil prices gained
Gold prices dropped
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