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Markets: S&P/TSX composite edge higher


Canada’s main stock index was up slightly Monday, with gains in energy, industrials, technology and utilities, while U.S. markets posted stronger gains.

The S&P/TSX composite index was up 72.63 points at 20,019.70.

U.S. markets rose steadily throughout the day. In New York, the Dow Jones industrial average was up 528.58 points, or 1.58 per cent, at 34,005.04. The S&P 500 index was up 56.18 points, or 1.43 per cent, at 3,990.56,while the Nasdaq composite was up 139.12 points, or 1.26 per cent, at 11,143.74.

“I think there is obviously a lot of anticipation for the week ahead,” said Mona Mahajan, senior investment strategist at Edward Jones.

While the Federal Reserve is announcing its last rate hike of the year on Wednesday, U.S. inflation data coming out Tuesday is perhaps the biggest release of the week, said Mahajan, as it could confirm hopes that rate hikes are having their intended…

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