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Be the first with the news that moves the marketDespite global markets seeing red, equities in Canada’s largest centre gained on Monday as energy stocks rallied on higher crude prices. Mining and utilities stocks also saw gains on the TSX as the tech sector moved lower. Investors now wait for domestic inflation data due this week.
Wall Street ended lower, the S&P 500 and Dow Jones saw little change. Traders wonder if the market rally could find more momentum in this last week of June. It’s a light week for economics reports and corporate earnings, which are highlighted by Walgreens Boots Alliance on Tuesday and Nike on Thursday. Europe is also on people’s radar after a brief rebellion in Russia over the weekend and worries over the security of a nuclear plant in Ukraine have many on edge.
| TSX | 19,587.32 | +169.09 |  |
| TSXV | 601.99 | +3.25 | |
| CSE | 156.87 | -2.72 |  |
| DJIA | 33,714.71 | -12.72 | |
| NASDAQ | 13,335.78 | -156.74 | |
| S&P 500 | 4,329.18 | -19.15 | |
The Canadian dollar traded for 76.06 cents US, compared to 75.79 cents US on Friday.
US crude futures traded $0.20 higher at $69.36 a barrel, and the Brent contract gained $0.32 to $74.17 a barrel.
The price of gold was down US$2.28 to US$ 1,923.20.
In world markets, the Nikkei was down 82.73 points to 32,698.81, the Hang Seng was down 95.84 points to 18,794.13, the FTSE was down 4.49 points to 7,457.38, and the DAX was down 16.88 points to 15,813.06.
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