Canada's main stock index surged on Monday, after U.S. President Donald Trump extended the deadline for European Union trade talks, providing a brief respite to investor concerns over his erratic trade policies.
The TSX Composite Index popped 199.04 points to 26,078.99.
The Canadian dollar gained 0.05 cents to 72.84 cents U.S.
The sweeping tariffs imposed by Trump since April 2 and the subsequent pauses on some of them have generated uncertainty among investors and companies globally.
Global market sentiment had steadied after Washington's fresh deal with the U.K. and a temporary agreement with China, but Trump's latest move was a reminder that the tariff storm isn't over.
Mining giant Barrick dipped nine cents to $26.09.
Merchandizing concern Canadian Tire was higher 24 cents at $168.27.
Energy stocks gained, though oil prices were about flat. IPCO soared 49 cents, or 2.5%, to $19.78, while those for Veren Inc. climbed 34 cents, or 3.7%, to $9.14.
ON BAYSTREET
The TSX Venture Exchange gained 6.89 points, or 1%, to 693.65 to pause for lunch Monday.
All 12 TSX subgroups maintained gains into the afternoon, led by information technology, ahead 1.3%, real-estate, up 1.2%, and consumer discretionary stocks, better by 0.9%.
Oil prices slipped three cents to $61.56 U.S. a barrel.
Gold dropped $28.00 to $3,337.80
ON WALLSTREET
Indexes in the U.S. are closed Monday for Memorial Day.
Holiday Shutters American Markets
