TORONTO – Canada’s main stock index climbed on Monday amid an “optimistic” late summer mood, while U.S. stock markets also gained.
The S&P/TSX composite index rose 61.78 points to 23,116.39.
In New York, the Dow Jones industrial average was up 236.77 points to 40,896.53. The S&P 500 index increased 54.00 points to 5,608.25, while the Nasdaq composite closed 245.05 points higher at 17,876.77.
Monday’s gains marked an extension of sorts.
“Today is just a continuation of the generally optimistic market conditions we’ve seen in the last week or so,” said Les Stelmach, a portfolio manager at Franklin Templeton Canada.
The sunny outlook follows a sharp drop in early August that saw equities markets plunge briefly as investors got jittery after shaky jobs data out of the United States. Much of…
