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Market Update: TSX Hovers Near Record High
Canadian shares gave up early gains to end virtually flat on Monday, with benchmark S&P/TSX composite still near record highs as gains in the technology sector offset losses in the heavyweight materials one. The market continues to benefit from the upward momentum seen last week, with investors optimistic over the countrys economic recovery while concerns about rising inflation have taken a back seat. Still, weakness in gold prices pushed shares of precious metal miners deep into the red. Kinaxis Inc and Cascades Inc were the biggest gainers on the TSX, up 6.9% and 6.4%, respectively. Cameco Corp plunged more than 10%, the most on the index. [/s2If]
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