S&P/TSX composite closes up almost 300 points, U.S. stock markets mixed
Global News
The S&P/TSX composite index ended up 293.73 points, or 1.36 per cent, at 21,848.59.
Canada’s main stock index jumped almost 300 points Monday on the strength of a broad-based rally while U.S. stock markets were mixed.
The S&P/TSX composite index ended up 293.73 points, or 1.36 per cent, at 21,848.59.
The rise came as most sectors outside of technology saw gains, including a more than three per cent rise in the S&P/TSX energy index.
It also came as a bit of a reversal after Canadian equities have seen more pressure than the U.S. in recent weeks.
“It’s quite a strong rally for Canada compared to what’s been going on lately,” said Kevin Headland, chief investment strategist at Manulife Investment Management.
“Much of June has not been very positive for Canada, so it could be a bit of a rally off the recent bottom here.”
Investors could also be anticipating the potential for more positive news on the inflation front as Statistics Canada is set to release its latest consumer price index report Tuesday, he said.
In New York, the Dow Jones industrial average was up 260.88 points at 39,411.21. The S&P 500 index was down 16.75 points at 5,447.87, while the Nasdaq composite was down 192.54 points at 17,496.82.
Police say an 81-year-old woman is dead following a dog attack involving three dogs who attacked her inside her own residence, in Northern Ontario.
King was a prominent figure in the demonstration that rolled into the national capital in 2022, which saw protesters entrench themselves in downtown Ottawa for three weeks.
Dermo, which has been detected in Canada for the first time, has spread from oyster to oyster in New Brunswick.
The latest draft negotiating text released Friday pledged $250 billion by 2035, less than a quarter of what developing countries requested.
The officials say Ottawa will be chipping in $108.5 million over the next three years to Ontario’s existing Student Nutrition Program and First Nations Student Nutrition Program.
A mother who was struck by a vehicle, along with the father and three other children, has now died from her injuries in hospital just over a month after the collision.
Erin McQueen believes her tools were stolen on Nov.16 while her truck was parked in Kelowna near Ellis Street and Clement Avenue.
"I am fighting for my daughter." How one Regina family is looking to the community to help raise money for a potentially live saving trip to the United States.
Kingston hosts the 59th Vanier Cup, featuring Laval vs. Laurier, promising excitement, economic impact, and family-friendly events. Full details on the big game.
Saskatchewan has been battling an increase in overdoses for many years. But based on recent data, Saskatchewan’s response to drug toxicity may be working.
A council representing Montreal and the suburban municipalities will vote on whether to stop the practice in the six West Island suburbs that treat their water with fluoride.