Canadian Stocks Rebound as Manufacturing Data and Tech Gains Lift Market Sentiment

The S&P/TSX Composite Index rose 0.73 percent on Monday as manufacturing activity expanded for the first time in a year. Tech and staples led the partial rebound.

洞察:
The S&P/TSX Composite Index rose 0.73 percent on Monday to reach 32,156.50 points as of 10:31 a.m. ET. This intraday movement represented a partial recovery from a significant selloff in the previous session. Canada CACAsaw broad-based gains led by consumer staples and technology shares, coinciding with new domestic economic data showing the manufacturing sector expanded in January for the first time in a year. Market sentiment also reached a three-month high according to the latest figures.
FILE PHOTO: 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/File Photo
FILE PHOTO: 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/File Photo
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