TORONTO — Canada’s main stock index ended more than 350 points higher on Monday, led by the basic materials sector, while oil prices fell as the United States and Iran appeared to be closing in on a deal to end the war in the Middle East.
The S&P/TSX composite index was up 359.53 points at 34,830.89.
“The TSX outperformed today,” said Brianne Gardner, senior wealth manager of Velocity Investment Partners at Raymond James.
“We saw investors rotating a little bit into more of the materials, technology and industrial sectors across the board,” she said. Meanwhile, the energy sector lagged after oil prices pulled back sharply.
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