RTTNews - Canadian stocks have turned higher over the course of Monday afternoon amid uncertain trading. Financial and mining stocks are experiencing moderate strength to lead the way.
The S&P/TSX Composite Index has climbed 61.61 points or 0.63% to 9,808.74. The rally has erased mild losses from Friday's session.
Mining stocks have climbed 1.8%, as the price of copper rose more than 10 cents a pound on the Comex. Teck Resources (TCK.B.TO) has added 5.3% and HudBay (HBM.TO) is up 1.6%.
Financial stocks have risen 1.1%, with the big six banks all in the green. Royal Bank (RY.TO) has climbed 2.1%, National Bank (NA.TO) is up 1.5% and Toronto-Dominion (TD.TO) has added 1.2%.
In corporate news, Air Canada (AC.B.TO) has added 5.3% amid reports the company has narrowly approved a collective agreement for pension funding, according to the Globe and Mail.
ADF Group (DRX.TO) has added 9.4% after the company announced that it has been granted a major contract worth C$77 million in the North America's public infrastructure sector.
Meanwhile, Jaguar Mining (JAG.TO) is down 1.8% after the company announced that it produced 40,758 ounces of gold at an average cash operating cost of $466 per ounce in the second quarter, compared to 20,782 ounces at an average cash operating cost of $455 per ounce during the same period last year, a production increase of 96%.
On Friday, the S&P/TSX Composite Index slipped 26.79 points or 0.27% to end at 9,747.13. The main index closed down 535.97 points for the week.
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