Canadian equities started the new week on a firm note as investors breathed a sigh of relief after Iran’s retaliation against U.S. strikes stopped short of targeting vital oil shipping lanes, easing concerns over a major oil supply disruption. The S&P/TSX Composite Index climbed by 112 points, or 0.4%, on Monday to settle at 26,609.
Even as sharp declines in crude oil prices weighed on energy stocks, solid gains in sectors like technology, consumer, and industrials helped drive the broader market higher.
Top TSX Composite movers and active stocks
IAMGOLD (TSX:IMG) jumped by 5.6% to $10.49 per share, making it the top-performing TSX stock for the day. This rally in IMG stock came after the company announced its Côté Gold Mine had reached nameplate throughput of 36,000 tonnes per day over 30 consecutive days.
Achieving this milestone within just 15 months since first gold production was seen as a strong execution win by…
