TSX Holds Onto Gains

(MENAFN – Baystreet.ca) Stocks in Toronto were less emphatic about it as the end of the day drew near, but managed to finish with gains Monday.

The S&P/TSX Composite Index gained 34.93 points, to finish Monday at 16,515.46

The Canadian dollar was off 0.23 cents at 74.79 cents U.S.

This trading week will be a short one, as markets will be closed Friday for Good Friday

In materials, Agnico Eagle Mines strengthened $1.07, or 1.9%, to $57.38, while Frontier Lithium eked ahead half a cent, or 1.5%, to 34 cents.

Communications also caught on, as BCE gained 14 cents to $60.65, while Shaw Communications took on 28 cents, or 1%, to $27.59

Lundin Mining jumped 56 cents, or 8.2%, to $7.39, after it said it would buy gold-copper mine of Yamana Gold Inc in Brazil for more than $1 billion as it looks to beef up its base metals portfolio. Yamana Gold fell 12 cents, or 3.5%, to $3.30.

Kinross Gold advanced five cents, or 1.1%., to $4.67.

Health-care issues got roughed up, as Aphria Inc fell $1.90, or 14.2%, to $11.51, after reporting quarterly revenue that missed expectations.

Canopy Growth collapsed $1.89, or 3.4%, to $54.42.

In the energy field, Suncor Energy lost 11 cents to $44.11, while Canadian Natural Resources gave up 21 cents to $39.55.

In real-estate, units of Allied Properties REIT backtracked 12 cents to $48.26, while units of Canadian Apartment Properties REIT tumbled 80 cents, or 1.6%, to $49.80.

On the economic calendar, the Canadian Real Estate Association reported home sales via Canadian MLS Systems edged up 0.9% in March following a sharp drop in February, leaving activity near some of the lowest levels recorded in the last six years.


The TSX Venture Exchange docked 6.82 points to 618.82

Eight of the 12 Toronto subgroups gained ground on the day, as materials enhanced 0.8%, while communications and gold

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