Canadian Stocks Rise on Monday
Canada’s S&P/TSX Composite Index rose 0.5% to 35,801 points on Monday, partially recovering from Friday’s steepest single-day decline in nearly six months, helped by gains in financials, materials and industrials while the energy sector tumbled. Gold prices rose while oil prices decreased more than 7% amid hopes for a diplomatic solution to the conflict between the US and Iran. On the trade front, US President Trump said his administration had established a framework for a new trade agreement with Canada, while Prime Minister Mark Carney characterized the discussions as constructive. Royal Bank of Canada rose 0.8% and Bank of Montreal added 1.1% while Canadian Natural Resources fell 4.2%.
Canada’s S&P/TSX Composite Index rose 0.5% to 35,801 points on Monday, partially recovering from Friday’s steepest single-day decline in nearly six months, helped by gains in financials, materials and industrials while the energy sector tumbled. Gold prices rose while oil prices decreased more than 7% amid hopes for a diplomatic solution to the conflict between the US and Iran. On the trade front, US President Trump said his administration had established a framework for a new trade agreement with Canada, while Prime Minister Mark Carney characterized the discussions as constructive.
Royal Bank of Canada rose 0.8% and Bank of Montreal added 1.1% while Canadian Natural Resources fell 4.2%.