Investor Alert

Sept. 28, 2020, 4:30 p.m. EDT

Indexes Recover from Last Week's Gully

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Sep 28, 2020 (Baystreet.ca via COMTEX) -- Canada's main stock index rose sharply on Monday, driven by gains in energy stocks and as strong economic data from China boosted sentiment.

The TSX prospered 177.46 points, or 1.2%, to conclude Monday's trading at 16,242.81

The Canadian dollar regained 0.02 cents to 74.75 cents U.S.

Energy stocks showed the way Monday, with MEG Energy picking up 20 cents, or 7.6%, to $2.83, while Vermilion Energy climbed 22 cents, or 6.9%, to $3.41.

Among financials, Industrial Alliance shot $2.41, or 5.3%, higher, to $47.85, while Canadian Western Bank picked up 83 cents, or 3.1%, to $27.40.

In real-estate, Brookfield Property Partners gained 74 cents, or 4.9%, to $15.74, while Summit Industrial Income REIT gathered 49 cents, or 3.9%, to $13.10.

Only tech seemed to let the side down, as BlackBerry shed 19 cents, or 3%, to $6.18, while Photon Control let go of three cents, or 2.1%, to $1.42.


The TSX Venture Exchange leaped 13.57 points, or 2%, to 708.83.

All but one of the 12 TSX subgroups were up on the day, with energy sprouting 3.6%, financials higher 1.8%, and real-estate advancing 1.4%.

The lone laggard was in information technology, docking 0.1%.


Stocks rose sharply on Monday as Wall Street built on strong gains from the previous session amid hope for a new deal on U.S. fiscal stimulus and several corporate deals being struck.

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