Major North American indices mostly continued to gain ground Monday, with Canada’s main stock index adding nearly 100 points, as investor regained confidence in equities. The Canadian dollar traded higher at 76.42 cents U.S. compared with an average of 76.31 cents U.S. on Friday. The gains are a continuation of restored optimism in the markets following the sell-off last month, said Craig Fehr, Canadian markets strategist for Edward Jones. It’s likely this month and the next will be good for the markets, Fehr said. In currency markets, the Canadian dollar traded at an average of 76.36 cents (U.S.), up 0.05 of a U.S. cent from an average of 76.31 cents (U.S.) on Friday.

Source: thestar November 05, 2018 16:54 UTC