FX.co ★ TSX Rises as Energy and Tech Stocks Lead Gains

The S&P/TSX Composite Index rose 0.2% to close at 34,479 on Monday, staging a modest rebound after recording its steepest drop in nearly four months on Friday, with energy and technology shares leading the advance. Energy stocks climbed as oil prices moved higher amid ongoing geopolitical tensions near the Strait of Hormuz. Iran and Israel said they had halted attacks on one another following an appeal from US President Donald Trump, though Iran warned it would resume strikes if Israel continued targeting Hezbollah in Lebanon. Canadian Natural gained 1.4%, Suncor added 1.5%, and Cenovus rose 1.7%. Technology stocks also outperformed, mirroring Wall Street’s strength after reports that Alphabet placed a major chip order with Intel. Shopify advanced 1.2%, and Celestica jumped 3.8%. Investors also turned their attention to the Bank of Canada’s policy announcement on Wednesday, with interest rates widely expected to be left unchanged at 2.25%.