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.