TORONTO — Gains in the financial, industrial and utilities sectors led Canada’s main stock index higher on Monday, while U.S. stock markets also rose.
TORONTO — Gains in the financial, industrial and utilities sectors led Canada’s main stock index higher on Monday, while U.S. stock markets also rose.
Monday saw a bit of a reversal from last week, said Greg Taylor, chief investment officer at Purpose Investments, which was marked by a lot of weakness and uncertainty heading into the weekend.
Tech stocks fell last week, giving back some of the gains from a months-long rally in equities. But on Monday, markets felt a lot more calm, said Taylor — after the weekend saw U.S. president Joe Biden announce he wouldn’t run in the upcoming election.
“It feels like with Biden stepping back, and no one challenging (Kamala) Harris, that it feels like it could start to quiet down in the election front for the next little bit. And…
