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Canada’s main stock index shook off early sluggishness to rise on Monday thanks to a rally in oil stocks. The tech and telecom sectors moved lower.

U.S. stock indexes were mixed as investors prepare for the week ahead, as results roll in from some of the biggest companies and a Federal Reserve policy meeting later to gauge the impact of a strong dollar and soaring inflation on demand.

Today in the Markets

TSX 19,104.48 +121.56 TSX
TSXV 608.29 +0.32 TSXV
CSE 293.69 +1.25 TSXV
DJIA 31,990.04 +90.75 DJIA
NASDAQ 11,782.67 -51.45 NASDAQ
S&P 500 3,966.84 +5.21 S&P 500

The Canadian dollar traded for 77.89 cents US compared to 77.39 cents US on Friday.

US crude futures traded 2.12 per cent higher at $96.71 a barrel, while the Brent contract gained 1.81 per cent to $105.10 a barrel.

The price of gold was down US$6.38 to US$1,719.04.

In world markets, the Nikkei was down 215.41 points to 27,699.25, the Hang Seng was down 46.20 points to 20,562.94, the FTSE was up 29.93points to 7,306.30, and the DAX was down 43.36 points to 13,210.32.

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