Canadian stocks moved higher in midday trading on Monday, supported by strong commodity producers and rising global markets after the S&P 500 turned in its best-performing week in about two years.
At noon, the S&P/TSX composite index was up 68 points or 0.5 per cent, to 13,369.
As well, financials rose 0.4 per cent. However, consumer stocks lagged: Consumer staples rose just 0.2 per cent, while discretionary stocks fell 0.1 per cent.Among commodity producers, energy stocks rose 0.6 per cent and materials rose 0.7 per cent – providing much of the upward move in the broader index. Information technology stocks, which is a much smaller area of the market, showed the biggest gains though, rising 1.1 per cent.
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