FX.co ★ Canadian Market Ends Marginally Up After Lackluster Session

The Canadian market finished mildly up on Monday, due to an increase in specific healthcare, energy, materials, and utilities stock performances. Investor movements were somewhat restrained, with many keeping a cautious eye on the anticipated Fed policy update and significant economic data scheduled to be released later in the week.

The primary S&P/TSX Composite Index concluded with a rise of 42.38 points - an increment of 0.19% - to reach 22,011.62, after fluctuating between 21,903.05 and 22,052.06.

Healthcare firms Bausch Health Companies and Sienna Senior Living Inc experienced gains of 1.75% and 1.3%, respectively. Chartwell Retirement Residences also increased by nearly 1%.

Energy stocks such as Peyto Exploration & Development Corp, Tourmaline Oil Corp, Africa Oil Corp, Crescent Point Energy, Topaz Energy, Birchcliff Energy, Pason Systems, Secure Energy Services, and Precision Drilling Corporation experienced growth between 1.3 to 2.5%.

Among materials-based stocks, Methanex Corp topped with a 4.5% rise. Novagold closely followed with an approximate 4.25% increment. Nutrien, Torex Gold Resources, Equinox Gold Corp, and Ero Copper saw a growth in the range of 2% to 3%.

In the utilities sector, Algonquin Power & Utilities Corp and Fortis both increased about 1.3%. Canadian Utilities, Emera Incorporated, Hydro One, and AltaGas experienced a growth ranging from 0.8% to 1%.

Cargojet Inc saw a significant gain of 3.75%. The company reported its first-quarter adjusted earnings at $31 million, or $1.86 per share, in contrast to the previous year's first quarter that saw a profit of $16.8 million, or $0.97 per share.