The Toronto Stock Exchange gained Monday as the markets returned to work and gold prices gave natural resources shares a boost. Oil prices have also increased after Saudi Arabia increased its price to Asian markets, suggesting increased demand. Meanwhile expectation that a deal with Iran would see a sudden increase in exports from the currently-sanctioned country is seemingly unfounded. Experts say that a deal would not trigger exports until 2016. All European and most Asian markets were closed Monday due to holidays. Wall Street gained with data showing an improvement in the services and manufacturing sectors.
The S&P/TSX Composite Index closed 74.03 (0.49 per cent)
The NYSE closed higher
Oil is trending higher (Brent $57.80, WTI $51.92 at 4.05pm)
Gold is trending higher
The loonie is valued at U$0.8001 (at 4.05pm)