Canadian stocks gained after the biggest weekly decline in three months. Financials, oil & gas and healthcare led the rise. Utilities, Technology and basic materials were in red. The S&P/TSX Composite Index rose 0.10 percent, or 11. 09 points, to a level of 11,354.51 on Monday.
The index measuring financials improved 0.5 percent. The Bank of Nova Scotia gained 1.08 percent. Toronto-Dominion Bank climbed 1.15 percent. Bank of Montreal rallied 0.9 percent.
Crude oil for March delivery finished on a gain of 0.88 percent at 75.26 U.S. dollars a barrel on the New York Mercantile Exchange. Raw materials account for half of the Canadian export revenue.
Talisman Energy Inc. rose 0.33 percent, while Teck Resources Limited lost 1.02 percent.
Gold for February delivery finished up 0.61 percent at 1,096.40 an ounce on the New York Mercantile Exchange on Monday. The Canadian metals and mining index initially climbed but then finished lower by 0.6 percent.
New Gold rose 0.22 percent after making more significant gains earlier. Yamana Gold fell 1.85 percent, while Barrick Gold lost 1. 53 percent.
Canadian dollar traded at almost the lowest level in more than a month versus its U.S. counterpart and underperformed its commodity-linked peers as global equities and oil fluctuated. Canada's currency dropped the most by 2.7 percent last week since October. One U.S. dollar was buying 1.0578 Canadian dollars at 5 p. m. local time (2200 GMT), comparing with 1 U.S. dollar purchasing 1.0577 Canadian dollars last Friday. (PNA/Xinhua)
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