Canadian equities climbed to a one-month peak in Monday’s intraday trading as investors welcomed the inauguration of Donald Trump as the 47th U.S. president and his decision to temporarily hold off on imposing new trade tariffs against Canada. Rising for the fifth consecutive session, the S&P/TSX Composite Index inched up by 104 points, or 0.4%, to settle at 25,172.
Despite lower volumes due to the U.S. market holiday, strong gains in several key market sectors, including mining, energy, and healthcare, lifted the TSX benchmark to its highest level in a month.
It’s noteworthy that energy stocks surged despite weakness in oil and gas prices after Trump signed an executive order intending to withdraw the U.S. from the Paris Climate Agreement, as this policy shift could favour traditional energy industries in the short term.
Top TSX Composite movers and active stocks
Bombardier, MEG Energy, TerraVest Industries, Athabasca Oil, and…
