Despite opening on a weak note, the Canadian stock market ended higher on Monday, riding on strong gains in energy and materials sections.
The Canadian stock market rebounded after a weak start Monday morning, led by gains in energy and materials shares thanks to higher commodity prices.
Canadian shares are likely to open on a cautious note with a somewhat negative bias Monday morning due to inflation concerns on continued optimism about a swift economic recovery amid a drop in new coronavirus cases and the faster momentum in vaccination rollouts.