TORONTO — Canada’s main stock index rose Monday, helped by strength in the energy sector as the price of oil also climbed, while U.S. markets were mixed.
TORONTO — Canada’s main stock index rose Monday, helped by strength in the energy sector as the price of oil also climbed, while U.S. markets were mixed.
The week was off to a mixed start after last week’s rollercoaster, said John Zechner, chairman and lead equity manager at J. Zechner Associates.
Last week began with a frenzied selloff before markets almost entirely recovered throughout the course of the week, thanks to a Thursday rally that was Wall St.’s best day since 2022.
Canadian markets were outperforming their American counterparts Monday thanks to strength in the resource sector, said Zechner. He added that a pair of deals announced Monday — an acquisition by Tourmaline Oil and news that Osisko Mining is being sold — likely gave the sector a…
