Canadian Market Modestly Higher, Looks Set To End The Session On Firm Note
(RTTNews) - The Canadian market is up in positive territory Monday afternoon, aided by gains in consumer staples, technology, consumer discretionary and financials sectors.
The benchmark S&P/TSX Composite Index was up 104.23 points or 0.43% at 24,567.90 a little while ago.
Energy stocks are down as oil prices declined sharply after Israel avoided targeting Iranian oil facilities. The measured response by Tehran has helped ease concerns over a potential war in the Middle East and any big disruptions to oil supplies.
Also, Egypt has proposed a two-day truce in Gaza aimed at securing "a complete ceasefire" after more than a year of war between Israel and Hamas.
Hut 8 Corp (HUT.TO) is soaring more than 16%. Alimentation Couche-Tard (ATD.TO) is up 3.7%, while Cameco Corporation (CCO.TO), CCL Industries (CCL.B.TO), Loblaw Companies (L.TO), Onex Corporation (ONEX.TO) and George Weston (WN.TO) are up 1.6 to 2.5%.
Royal Bank of Canada (RY.TO), Constellation Software (CSU.TO), Intact Financial Corporation (IFC.TO), Thomson Reuters (TRI.TO) and WSP Global (WSP.TO) are gaining 0.7 to 1.5%.
Among the losers, Interfor Corporation (IFP.TO) is down 4.3%. Precision Drilling Corporation (PD.TO), Canadian Natural Resources (CNQ.TO), Imperial Oil (IMO.TO), Brookfield Renewable Partners (BEPC.TO) and Bombardier Inc (BBD.B.TO) are down 1.7 to 2.8%.
Rally May Stall For Thai Stock Market
Lower Open Called For Indonesia Stock Market
Hong Kong Shares Tipped To Open To The Downside On Monday
Australian Market Notably Lower
China Shares May Take Further Damage On Monday
Taiwan Bourse Overdue For Profit Taking On Monday
Singapore Stock Market Tipped To Open In The Red
