Canada’s resources-heavy stock index rose on Monday as oil prices gained and investors returned from a long weekend to purchase riskier assets that have been battered by concerns over a global economic slowdown.
All of the major sub-sectors, barring tech, rose. The energy index gained 2.6% as crude prices climbed more than 1% on concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia.
U.S. markets were closed today in observance of July 4th Independence Day.
Today in the Markets
The Canadian dollar traded for 77.79 cents U.S. today, compared with U.S. 77.45 cents on Friday.
US crude futures traded 2.06 per cent higher at $110.66 a barrel, while the Brent contract gained 1.68 per cent to $113.50 a barrel.
The price of gold was up 6.80 to $1,808.30
In world markets, the Nikkei was up 218.19 points to 26,153.81, the Hang Seng was down 29.44 points to 21,830.35, the FTSE was up 64.00 points to 7,232.65, and the DAX was down 39.65 points to 12,773.38.
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