The Canadian market finished mildly up on Monday, due to an increase in specific healthcare, energy, materials, and utilities stock performances. Investor movements were somewhat restrained, with many keeping a cautious eye on the anticipated Fed policy update and significant economic data scheduled to be released later in the week.
The primary S&P/TSX Composite Index concluded with a rise of 42.38 points - an increment of 0.19% - to reach 22,011.62, after fluctuating between 21,903.05 and 22,052.06.
Healthcare firms Bausch Health Companies and Sienna Senior Living Inc experienced gains of 1.75% and 1.3%, respectively. Chartwell Retirement Residences also increased by nearly 1%.
Energy stocks such as Peyto Exploration & Development Corp, Tourmaline Oil Corp, Africa Oil Corp, Crescent Point Energy, Topaz Energy, Birchcliff Energy, Pason Systems, Secure Energy Services, and Precision Drilling Corporation experienced growth between 1.3 to 2.5%.
Among materials-based stocks, Methanex Corp topped with a 4.5% rise. Novagold closely followed with an approximate 4.25% increment. Nutrien, Torex Gold Resources, Equinox Gold Corp, and Ero Copper saw a growth in the range of 2% to 3%.
In the utilities sector, Algonquin Power & Utilities Corp and Fortis both increased about 1.3%. Canadian Utilities, Emera Incorporated, Hydro One, and AltaGas experienced a growth ranging from 0.8% to 1%.
Cargojet Inc saw a significant gain of 3.75%. The company reported its first-quarter adjusted earnings at $31 million, or $1.86 per share, in contrast to the previous year's first quarter that saw a profit of $16.8 million, or $0.97 per share.
