The Canadian stock market started the new week with minor optimism as commodity prices, especially crude oil and gold, strengthened amid hopes of stronger demand. The S&P/TSX Composite Index rose 94 points, or 0.5%, on Monday to settle at 20,623, extending its quarter-to-date gains to 5.5%.
Even as utility, healthcare, and tech stocks traded on a weak note, solid gains in other key market sectors like consumer cyclicals, energy, and industrials guided the main TSX index upward.
Top TSX Composite movers and active stocks
Shares of IAMGOLD (TSX:IMG) jumped 4.6% to $3.41 per share after announcing key updates related to its gold deliveries. In a press release, the Toronto-headquartered gold producer told investors that it has entered a new forward gold sale agreement, while partially amending one of its existing gold prepay agreements.
This development effectively postpones IAMGOLD’s gold delivery obligations, which could help it…
