Canada's S&P/TSX Composite has rallied to a near six-year high, up 85 points on the day, with the market nearing the May 2008 peak at 15,154, says Action Economics. Meanwhile, industrials have rallied 1.3%, paced by a 6% jump in SNC-Lavalin on news that it is selling AltaLink for $3.2 bln in cash. Financials have firmed 0.5%, led by Manulife. The energy sector has rallied 0.8%, helped by firming in crude oil to $99.80/bbl, but also after TransCanada reported Q1 profit that beat estimates. And information technology has advanced 0.7%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
