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Canada’s main stock index and U.S. stocks opened higher on Monday, after a truce between the United States and China on trade tariffs boosted sentiment. The Toronto Stock Exchange’s S&P/TSX composite index was up 176.59 points, or 1.16 per cent, at 15,374.41. Energy stocks jumped over 4.5 per cent in early trading. Canadian Natural Resources Ltd. was up 9.7 per cent, while Cenovus Energy Inc. rose 9.5 per cent. In New York, the Dow Jones Industrial Average rose 241.11 points, or 0.94 per cent, at the open to 25,779.57. The S&P 500 opened higher by 30.33 points, or 1.10 per cent, at 2,790.50. The Nasdaq Composite gained 155.59 points, or 2.12 per cent, to 7,486.13 at the opening bell. Oil prices jumped by more than 5 per cent on Monday after the United States and China agreed a 90-day truce in a trade dispute, Alberta ordered a production cut, and as exporter group OPEC looked set to reduce supply. U.S. light crude oil rose $2.92 a barrel to a high of $53.85, up 5.7 per cent, before easing to around $53.25. Brent crude rose 5.3 per cent or $3.14 to a high of $62.60 and was last trading around […]
