TORONTO — Strength in technology and materials helped Canada’s main stock index close over 100 points higher Monday, while U.S. markets also saw gains amid declines in oil prices.
TORONTO — Strength in technology and materials helped Canada’s main stock index close over 100 points higher Monday, while U.S. markets also saw gains amid declines in oil prices.
Stock market gains came as investors hoped for limited retaliation after U.S. strikes on Iran.
The S&P/TSX composite index was up 111.79 points at 26,609.36.
Kathrin Forrest, an equity investment specialist at Capital Group, said in an interview Monday that TSX gains were mainly driven by tech and mining companies.
“The leaders there were IT, Shopify being a standout there, and then materials, most noteworthy, gold. And then within gold, that was continuing strength that we have seen year to date,” she said.
Forrest added that the TSX materials index is up…
