Gold mostly powered equities in Toronto higher Monday, overcoming losses in health and energy concerns.
The TSX gained 61.38 to finish Monday at 17,582.35
The Canadian dollar lost 0.11 cents to 78.13 cents U.S.
Health-care weighed mostly heavily on the losing subgroups, as Trillium Pharmaceuticals swooned $2.43, or 11.2%, to $19.27, while Aurora Cannabis dumped 55 cents, or 4%, to $13.34.
Among energy concerns, Tourmaline Oil sank 94 cents, or 5.3%, to $16.80, while Arc Resources dwindled 13 cents, or 2.2%, to $5.83.
Real-estate stocks fell, as Brookfield Property Partners dipped 67 cents, or 3.4%, to $19.02, while First Capital REIT dropped 24 cents, or 1.6%, to $14.87.
Gold stocks evened things out somewhat, as Alamos Gold took on 74 cents, or 6.6%, to $11.89, while B2Gold gained 32 cents, or 4.5%, $7.44.
In other resources, Agnico-Eagle Mines gained $4.18, or 4.7%, to $92.35, while Dundee Precious Metals moved ahead 45 cents, or 5.3%, to $8.90.
In the tech field, Constellation Software hiked $41.92, or 2.6%, to $1,630.99, while Shopify climbed $36.07, or 2.7%, to $1,382.77.
On the economic slate, Western University’s IVEY School of Business came out with its Purchasing Managers’ Index for November. The index moved lower to 52.7, from October’s 54.5, and way down from the 60 figure in November 2019.
The TSX Venture Exchange ballooned 15.62 points, or 2%, to 784.73.
Seven of the 12 TSX subgroups were lower, with health-care fading 0.9%, energy, sliding 0.8%, and real-estate trailing 0.4%.
The five gainers were led by gold, ahead 3.4%, materials, better by 1.9%, and information technology, improving 1.5%.
The Dow Jones Industrial Average and S&P 500 fell on Monday following a record-setting session as traders worried about rising coronavirus cases and searched for clues on additional fiscal aid.
The 30-stock index faded 148.47 points, to conclude Monday at 30,069.39. Intel was the worst-performing Dow stock, falling 3.4%.
The S&P 500 slipped 7.16 points to 3,691.96. The energy sector led the S&P 500 lower, sliding 2.4%.
The NASDAQ moved higher, 55.71 points to 12,519.95, and hit a fresh record high. Facebook rose 2.1%, and Apple gained 1.2% to lead the
NASDAQ higher. Tesla also contributed to the NASDAQ’s gains, advancing 7.1% and reaching an all-time high.
The U.S. has reported a record-high average number of cases over the past seven days of more than 196,200. That’s up 20% when compared to the week-earlier period. The U.S. was also approaching a record-high number of daily COVID-related deaths.
Dr. Deborah Birx warned on Sunday that the escalating coronavirus cases will be “the worst event that this country will face, not just from a public health side.”
Prices for the 10-Year Treasury revived, lowering yields to 0.93% from Friday’s 0.97%. Treasury prices and yields move in opposite directions.
Oil prices sank 53 cents to $45.73 U.S. a barrel.
Gold prices hiked $29.00 to $1,869.00.