Investor Alert

Sept. 28, 2020, 12:16 p.m. EDT

Stocks Recover from Rough Sessions Last Week

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

The TSX prospered 187.9 points, or 1.2%, to pause for lunch Monday at 16,253.25

The Canadian dollar settled 0.02 cents to 74.72 cents U.S.

The largest percentage gainer on the TSX was Cascades, which rose 83 cents, or 5.5%, to $15.81, after RBC upgraded the rating of the stock to sector perform from underperform.

Methanol producer Methanex gained $2.39, or 8%, to $32.21.

Lundin Mining fell 64 cents, or 8.3%, the most on the TSX, to $7.07, after a fatal accident at its Neves-Corvo mine in Portugal, while Altus Group came out of the gully to gain 25 cents to $53.44.

The most heavily traded shares by volume were Lundin Mining, Green Organic Dutchman Holdings, which docked five cents, or 17%, to 25 cents, and Just Energy Group, down six cents, or 12.9%, to 41 cents.


The TSX Venture Exchange leaped 10.56 points, or 1.5%, to 705.82.

All but two of the 12 TSX subgroups were up during the morning, with energy gushing 2.7%, financials higher 2.3%, and consumer discretionary climbing 1.9%.

The two laggards were in gold and materials, each off 0.2%.


Stocks rose sharply on Monday as Wall Street built on the strong gains from the previous session.

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