TORONTO — Canada’s main stock index climbed on Monday, helped by gains in the energy sector, while U.S. markets were negative.
The S&P/TSX composite index was up 77.10 points at 36,458.33. Oil prices rose on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going again.
“That’s really the main story of the market today: it’s the oil price and how it feeds into inflation expectations and how it feeds into interest rates over the medium and longer term,” said Anish Chopra, managing director with Portfolio Management Corp.
The September crude oil contract was up US$3.95 at US$82.13 per barrel.
“If you’re
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