Canada's main stock index opened slightly up on Monday, mirroring upbeat global sentiment and gains in health-care stocks, although trading volumes stayed low during a U.S. holiday.
The S&P/TSX Composite gained 58.48 points to open Monday at 21.416.04
The Canadian dollar picked up 0.14 cents to 79.87 cents U.S.
National Bank cut the target price on IAMGOLD to $4.50 from $4.75. IAMGOLD shares lost three cents to $3.25.
On the economic front, Statistics Canada reported foreign investors acquired $30.1 billion of Canadian securities in November, the largest investment since April 2020. At the same time, Canadian investors increased their holdings of foreign securities by $17.5 billion, led by purchases of U.S. shares.
The agency also said manufacturing sales rose 2.6% in November, mainly on higher sales of primary metal, petroleum and coal product, and non-metallic mineral product industries.
Oil prices crept up three cents to $83.85 U.S. a barrel.
Gold prices acquired $3.20 to $1,819.70 U.S. an ounce.
ON BAYSTREET
The TSX Venture Exchange re-strengthened 4.33 points to 907.36.
Seven of the 12 TSX subgroups were higher in the first hour, with energy racing 0.7%, financials richer by 0.5%, and industrials improving 0.4%.
The five laggards were weighed most by health-care, down 0.7%, gold, duller in price by 0.2%, and materials, off 0.1%.
ON WALLSTREET
U.S. markets are closed for Martin Luther King Day
