TSX Opens Higher as Tech and Oil Prices Lift Sentiment

Canadas main stock index opened higher on Monday driven by technology gains and a sharp dip in oil prices. Investors now await remarks from the Bank of Canada governor for policy cues.

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The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

Canada's main stock index opened higher on Monday morning, led by technology shares as a 3% drop in Brent Crude Oil boosted investor sentiment. The S&P/TSX Composite Index rose 0.44% to 35,965.28 points by midday. The advance follows a pullback in commodity markets that eased cost pressures for corporate consumers.

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