Canada Bank Shares Rally
Canadian stocks closed higher as banking shares led the overall market in a rebound from recent weakness. Technology, mining and transportation shares, however, were left out of rally, and continued to weaken. The TSE 300 rose 81.65 to 9305.70 after falling 63.61 Friday. The S&P/TSE 60 rose 5.22 to 551.94. Breadth was 768-521 positive. Government of Canada bonds ended mixed to higher in a quiet session marked by a shortage of fresh news. The March Canadian dollar settled lower at 66.40 cents vs. the U.S. dollar. March crude settled $0.64 lower at $30.55. April gold settled down $1.90 at $267.40.
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