TORONTO: Canada's main stock index rose on Monday, helped by material stocks, as data showed producer prices gained 0.4% in June from a month earlier on higher prices for energy and petroleum products.
Energy and petroleum prices jumped 11.7%, largely led by an increase in refined petroleum products, Statistics Canada said in a preliminary flash estimate. Investors will be watching out for the Bank of Canada latest interest rate decision and its quarterly monetary policy report on Wednesday.
Material stocks, which were among the biggest percentage gainers on the main index, added 1.7% helped by higher gold prices.
At 9:44 a.m. ET (13:44 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 57.96 points, or 0.37%, at 15,771.78.
OceanaGold Corp, fell 4.7%, the most on the TSX, while Seven Generations Energy Ltd dropped 2.2%.
On the TSX, 121 issues were higher, while 93 issues declined for a 1.30-to-1 ratio favouring gainers, with 18.85 million shares traded.
Comments
Comments are closed.