(Reuters) - Canada’s main stock index rose on Monday, helped by gains in energy stocks with Brent crude edging higher, as a sharp rebound in the U.S. services sector in June offset worries about a resurgence in global coronavirus cases.
* Investors expect a revival in global growth as the U.S. services industry activity almost returned to pre-COVID-19 pandemic levels.
* Oil prices were mixed on Monday, with Brent crude rising higher on tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concerns that a spike in coronavirus cases could curb fuel demand in the United States.* The energy sector rose 1.9% as U.S. crude prices were up 0.3% a barrel and Brent crude added 1.07%. [O/R]
* At 9:46 a.m. ET (13:46 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 192.77 points, or 1.24%, at 15,789.52.
* The Canadian dollar was little changed against its U.S. counterpart on Monday, holding near an earlier 13-day high as stocks rallied globally and ahead of the release of a Bank of Canada business survey.
* The financials sector gained 1.4%. The industrials sector rose 0.9%.
* The materials sector, which includes precious and base metals miners and fertilizer companies, added 2.2% as gold futures rose 0.4% to $1797.5 an ounce. [GOL/]
* On the TSX, 202 issues were higher, while 17 issues declined for a 11.88-to-1 ratio favoring gainers, with 22.77 million shares traded.
* The TSX posted 9 new 52-week highs and no new lows.
* Across all Canadian issues there were 45 new 52-week highs and 3 new lows, with total volume of 48.65 million shares.
Reporting by Shivani Kumaresan in Bengaluru; Editing by Krishna Chandra Eluri
Our Standards: The Thomson Reuters Trust Principles.