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TSX Enjoys Stronger Gains as Week Begins

Monday proved another positive day for the TSX, in relatively light trading as its neighbour to the ...

Monday proved another positive day for the TSX, in relatively light trading as its neighbour to the south paused to recognize a civil rights champion. Health-care and gold stocks powered the engine.

The S&P/TSX Composite Index strengthened 63.63 points to end Monday at 16,371.81

The Canadian dollar gained 0.19 cents to 80.49 cents U.S.

Among the index’s most influential gainers were its biggest marijuana producers, with, and Canopy Growth jumping $4.20, or 13% to $36.55.

Aurora Cannabis rose $1.16, or 11.2%, to $11.48 and Aphria Inc surged $3.58, or 19.9%, to $21.60.

Gold concerns were Goldcorp, ahead $1.19, or 6.7%, to $19.08, while Barrick Gold gained 59 cents, or 3.1%, to $19.47

Among other resource companies, First Quantum Minerals picked up 28 cents, or 1.5%, to $19.58, while Agnico Eagle Mines to $59.22.

Financial companies made headway, including the country’s largest bank, as Royal Bank of Canada gathered 10 cents to $105.26.

Dragging things down were consumer discretionary stocks, as Magna International shed $1.38, or 1.9%, to $73.00, while Gildan Activewear dipped 40 cents, or 1%, to $40.20.

On the economic beat, the Canadian Real Estate Association (CREA) reported national home sales rose 4.5% in December 2017. CREA went on to say actual (not seasonally-adjusted) activity was up 4.1% year-over-year

ON BAYSTREET

The TSX Venture Exchange gained 17.99 points, or 2.1%, to 896.16

All but three of the 12 TSX subgroups were higher, with health-care galloping 7%, while gold and materials each advanced 1.5%.

The three laggards were consumer discretionary stocks, down 0.4%, while consumer staple and telecom stocks each slid 0.1%.

ON WALLSTREET

Markets were closed in the United States for Martin Luther King Day.