By Reuters Staff
2 Min Read
May 10 (Reuters) - Canada’s main stock index rose on Monday, as heavyweight energy and material stocks climbed 1% boosted by higher commodity prices.
* Gold prices gained as the tepid U.S. jobs number last week cemented expectations that interest rates will remain low for some time, denting the dollar and boosting non-yielding metal’s appeal.
* The materials sector, which includes precious and base metals miners and fertilizer companies, added nearly 1%.
* The energy sector also rose 1% as oil prices gained after a cyberattack forced the shutdown of major fuel pipelines in the United States and raised concerns about supply disruption, outweighing rising coronavirus cases in Asia.