Canada’s main stock index rode energy stocks to a record close Monday, despite a cautious day that followed a month of major gains and a weekend checkered with angst over higher steel tariffs and developments in Ukraine and the Middle East.
“There was actually a fair bit of nervousness coming into today on the weekend, with some of the Trump tariff headlines that came out after the close on Friday and geopolitical tensions again with Russia and Ukraine,” said Greg Taylor, chief investment officer at PenderFund Capital Management.
But the S&P/TSX composite index climbed 213.91 points to 26,388.96, its highest level ever at day’s end.
In New York, the Dow Jones industrial average overcame an initial drop to rise 35.41 points to 42,305.48. The S&P 500 index inched up 24.25 points to 5,935.94, while the…
