TORONTO — Gains in telecommunication and energy stocks helped Canada’s main stock index creep higher to start the week.
The S&P/TSX composite index closed up 71.66 points at 21,061.88, while U.S. stock markets were closed for Martin Luther King Jr. Day.
It was a quiet day on the TSX, which tends to be the case when U.S. markets are closed, said John Zechner, chairman and lead equity manager at J. Zechner Associates.
But there’s a lot to look forward to for investors in the coming weeks after the big U.S. banks kicked off fourth-quarter earnings season on Friday with a mixed bag of reports, said Zechner.
Investors will be looking for forward guidance from companies, he said.
“I mean, 2023 economically was a pretty good year, so the fourth quarter was relatively strong,” he said.
“So now it’ll be … how does it look going forward?”
In particular, the biggest tech names reporting in a couple of weeks…
