TSX Up Steadily

(MENAFN- Baystreet)
Equities in Canada's biggest market gained doggedly to end Monday, powered largely by gold, material and energy concerns, as suspense remained over the Iran crisis.
The TSX Composite Index maintained gains of 61.12 points to close Monday at 34,138.88.
The Canadian dollar edged up 20 cents to 73.10 cents U.S.
Oil prices rallied on supply fears after the news, with the?Strait of Hormuz remaining largely closed and global markets staying tight.
On the earnings front, Doman's first-quarter revenue missed analyst expectations on Friday because of weak plywood demand. Doman captured 12 cents, or 1.2%, to $10.39.
Barrick Mining on Monday beat Wall Street estimates?for first-quarter profit as higher?gold prices offset lower production. Barrick leaped $5.35, or 9.1%, to $64.40.
Cronos climbed 28 cents, or 8.1%, to $3.75, after the cannabis producer's first-quarter net revenue soared 40%, helped by sales in Israel and other countries, which do not carry excise taxes.
Other star stocks included Endeavour Silver, galloping $1.73, or 12.6%, to $15.46.
Tech stocks sagged, notably Docebo, sinking $2.92. or 10.1%, to $26.14, and Tecsys, off $2.74, or 7.8%, to $32.50.
ON BAYSTREET
The TSX Venture Exchange progressed 8.26 points to 1,005.58.
Eight of the 12 TSX subgroups were lower as the closing bell sounded, weighed most by information technology, sliding 3.4%, while consumer staples, falling 1.4%, and health-care, off 1.3%.
The four gainers were led by gold, springing 3.1%, materials, better by 3%, and energy, ahead 1.5%.
ON WALLSTREET
The S&P 500 rose on Monday, bolstered by key tech stocks, even as oil prices rose after President Donald Trump rejected Iran's latest proposal to end the war.
The Dow Jones Industrials index recovered 95.18 points to Monday at 49,704.34.
The much broader index added 13.94 points to 7,412.87.
The NASDAQ gained 27.05 points to 26,274.13.
Iran sent a new proposal to U.S. negotiators, centered on ending the monthslong conflict. The counteroffer stressed the need to end the war on all fronts and to lift sanctions on Tehran, Iran's semi-official Tasnim news agency said, citing an informed source.
In response, Trump said in a Truth Social post that he did not like Iran's response, adding that it was“TOTALLY UNACCEPTABLE!”
Oil futures climbed following Trump's rejection. U.S. West Texas Intermediate futures rose 1% to above $96 per barrel, while international benchmark Brent crude futures gained 2% to above $103 a barrel.
Prices for the 10-year Treasury dipped, raising yields to 4.41% from Friday's 4.37%. Treasury prices and yields move in opposite directions.
Oil prices gained $2.72 to $98.14 U.S. a barrel.
Gold prices climbed $10.40 to $4,741.10 U.S. an ounce.

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