TSX Close: TSX Little Changed, Gains 12 Points on Late Day Surge; U.S. Markets Closed Due to Hurricane Sandy
Canada's main stock market finished modestly higher on Monday on lighter than normal trading volumes as U.S. markets shut up shop with Hurricane Sandy nearing New York City.
The S&P/TSX Composite Index lost ground throughout the trading session, but an end-of-day surge pushed the index up 12 points to 12,312, close to session highs of 12,317.
The TSX's information technology sector gained 1.8%, utilities and telecoms were also stronger.
Materials and energy issues were weaker as December crude fell 0.9% to settle at $85.54 a barrel while gold lost 0.2% to finish at $1,708.70 an ounce.
Actively traded stocks included Bombardier (BBD-B.TO, +0.3%), Progress Energy (PRQ.TO, +8%) and CGI Group (GIB-A.TO, +0.5%).
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.