Baystreet.ca - On a day of light trading, as markets south of the border took a day off, stocks in Toronto carved out small gains for themselves Monday, mostly in resource and consumer sectors. The S&P/TSX Composite Index moved up 52.51 points to close Monday at 22,373.38.
The Canadian dollar hiked 0.2 cents at 73.35 cents U.S. Osisko Mining (TSX:OSK) grabbed ahold of 12 cents, or 4.1%, to $3.07, while Pan American (TSX:PAAS) Silver added $1.12, or 3.9%, to $29.87. In the gold sector, New Gold (TSX:NGD) improved nine cents, or 3.4%, to $2.78, while B2Gold (NYSE:BTG) obtained 16 cents, or 4.3%, to $3.91.
Consumer discretionary stocks were also in the plus column, thanks in part to Canada Goose (TSX:GOOS) Holdings, flying 29 cents, or 1.5%, to $19.41, while Magna International (TSX:MG) picked up 71 cents, or 1.2%, to $62.68. Health-care stocks weighed on the market, though, with Bausch Health (TSX:BHC) Companies off 20 cents, or 2.3%, to $8.51, while Chartwell Retirement (TSX:CSH_u) Residences dipped 10 cents to $12.42.
Tech issues took a few blows, especially Constellation Software (TSX:CSU), tumbling $94.97, or 2.5%, to $3,723.03, while Dye & Durham lost 20 cents, or 1.6%, to $12.40. Consumer staples also had a rough time of it, with George Weston (TSX:WN) falling $1.81 to $193.77, while Metro (TSX:MRU) dished off 60 cents to $73.96.
Investors braced for Canada's producer prices data for the month of April, due Tuesday, along with country's first-quarter GDP figures, scheduled for Friday.In Japan, the Nikkei 225 tacked on 0.7%, while in Hong Kong, the Hang Seng index gained 1.2%. Oil prices regained 83 cents to $78.55 U.S. a barrel. Gold prices brightened $18.00 to $2,352.50 U.S. an ounce.
ON BAYSTREET The TSX Venture Exchange fell 1.54 points to conclude Monday trading at 606.41. Eight of the 12 subgroups were positive, led by materials, up 1.1%, while consumer discretionary stocks improved 0.7%, and gold climbed 0.6%. The four laggards were weighed most by health-care, down 0.8%, information technology, down 0.4%, and consumer staples slid 0.2%.
ON WALLSTREET American markets were closed Monday for Memorial Day