Canadian stocks continued to climb for the fourth consecutive session on Monday as investors awaited the important domestic consumer inflation report scheduled to be released on Tuesday. Even as crude oil prices continued to decline, the S&P/TSX Composite Index advanced by 78 points, or 0.3%, on the first day of the week to settle at 22,752 — posting another fresh all-time high on a closing basis.
On the one hand, shares of consumer and utility companies witnessed weakness. On the other hand, solid gains in other main sectors like mining and real estate drove the TSX benchmark upward.
Top TSX Composite movers and active stocks
Stelco Holdings (TSX:STLC) rocketed by 74% to $65 per share, making it the top-performing TSX stock for the day. These massive single-day gains in STLC stock came after the American giant Cleveland-Cliffs announced intentions to acquire the Hamilton, Ontario-based Stelco for $70 per share, totalling about…
