FX.co ★ TSX Kicks Off Week in the Green

The S&P/TSX Composite Index climbed nearly 1% on Monday, moving above the 32,200 level as easing sovereign bond yields coincided with continued strength in commodities. A sharp pullback in Canadian bond yields offered immediate support to financials, with Royal Bank of Canada up 0.5% and TD Bank advancing 0.8% on improved expectations for steadier credit demand. Energy producers also remained a key source of market strength, as Canadian Natural Resources gained 1.9% and Suncor Energy rose 1.2% amid persistent supply concerns in the Middle East. The mining sector attracted strong buying interest as well, with Barrick Gold adding 2.9% and Wheaton Precious Metals jumping 3.1%, as bargain hunting in gold miners and energy majors helped offset recent stagflationary pressures that had weighed on investor sentiment.