S&P/TSX composite posts small gain Monday, U.S. stock markets also up

TORONTO — Strength in the energy, technology and base metal sectors helped Canada's main stock index post a small gain on Monday, while U.S. stock markets also rose.In New York, the Dow Jones industrial average was up 69.05 points at 38,868.04. The S&P 500 index was up 13.80 points at 5,360.79, while the Nasdaq composite was up 59.40 points at 17,192.53.

Last week’s interest rate cut by the Bank of Canada was a positive sign for investors that a soft landing is increasingly likely, said Kourkafas. The expectation is that the Fed will hold rates steady, he said, but investors will be focused on the Fed’s “dot plot,” or its projection for where interest rates will go during the remainder of the year.

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