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New York Markets After Hours

Feb. 10, 2020, 4:43 p.m. EST

Stocks Jump to Start Week

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Feb 10, 2020 (Baystreet.ca via COMTEX) -- It was a positive day Monday, with resource and tech stocks pointing the way upward. Investors also took in positive housing and building numbers.

The TSX Composite Index shot higher 85.08 points to conclude Monday to 17,740.57

The Canadian dollar lost 0.09 cents to 75.03 cents U.S.

Gold stocks ruled the roost Monday, with Eldorado Gold advancing 21 cents, or 2.4%, to $9.09, while IAMGOLD progressing 19 cents, or 4.9%, to $4.04.

Among techs, Lightspeed POS captured $1.27, or 3.5%, to $37.97, while Shopify popped $4.40, or 1.1%, to $44.26.

Consumer discretionary stocks also had a big day, with Great Canadian Gaming amassing $4.40, or 11%, to $44.26, while Restaurant Brands took on $2.37, or 2.8%, to $87.09.

Health-care stocks were wounded somewhat, with Aurora Cannabis falling 81 cents, or 8%, to $2.08, while Canopy Growth sagging 74 cents, or 2.8%, to $25.39.

Energy backpedaled, as MEG Energy sank 39 cents, or 5.5%,, to $6.53, and Baytex Energy dipped five cents, or 3.6%, to $1.36.

Financials were the poorer, as Element Fleet Management docking 17 cents, or 1.3%, to $13.02, while Home Capital Group removed 39 cents, or 1.2%, to $33.22.

On the economic scene, January housing starts were fairly flat at 210,915 units in January, compared to 212,212 units in December, according to Canada Mortgage and Housing Corporation, while building permits increased 7.4% to $8.7 billion in December.

Increases were reported in five provinces, led by Ontario and Quebec.

ON BAYSTREET

The TSX Venture Exchange slid 3.37 points to finish Monday at 570.79.

All but three of the 12 TSX subgroups were stronger, with gold brighter by 1.5%, information technology picked up 1.3%, and consumer discretionary hiked 1.1%.

The three laggards were health-care, down 1.7%, energy, off 0.1%, and financials off 0.01%.

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