The Toronto Stock Exchange closed higher on Monday as world markets began with week with a largely optimistic tone and Catamaran received a $12.8 billion takeover offer. The day’s trading started with Asian markets picking up from a good Wall Street finish on Friday and gained on hints from China’s premier that more stimulus was on the way. Australia was the weak performer as mining stocks fell. Europe ended the day on a high with regional earnings and expectation of US -jobs data this Friday adding to the mood. Wall Street saw triple-figure gains for the Dow Jones with economic data on personal income and pending home sales showing positivity.
The S&P/TSX Composite Index closed up 95.97 (0.65 per cent)
The NYSE was higher (Dow up 263.7)
Oil is trending lower (Brent $56.28, WTI $48.58 at 4.35pm)
Gold is trending lower
The loonie is valued at U$0.7876 (4.35pm)