TSX rises 0.7 percent as lower oil prices boost sentiment
Canada's main index rose 0.7 percent on Monday as lower oil prices boosted sentiment. Investors await central bank cues while inflation eased to 1.8 percent.
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The main stock index in Canada edged higher on Monday, snapping a three-session losing streak as market participants reacted to a dip in oil prices and positive cues from the United States. The S&P/TSX composite index rose 0.7% to 32,778.96 points by late morning, positioning the market for its most significant daily gain since late February. While geopolitical tensions remain high, the retreat in crude prices provided a boost to investor sentiment across all major sectors.
