Canadian Stocks Find Footing After Recent Losses -- Canadian Commentary

(RTTNews) - Canadian stocks rose Monday, rebounding from last week's losses amid diminished concerns about the conflict between the U.S. and North Korea.

Geopolitical tensions took a back seat to domestic issues in the U.S., although President Donald Trump explicitly denounced white supremecists at a press conference this afternoon.

The TSX Composite was up 86.53 points to 15,119.91, led by financial and consumer staples.

Lumber stocks fell after a downbeat assessment of the U.S.-Canada trade situation from BMO.

Energy stocks also lagged as crude oil prices fell. WTI light sweet crude oil was down $1 at $47.88 barrel, easing from 11-week highs.

Health care stocks also fell, dropping 1.3%.

In corporate news, Canada's Husky Energy (HSE.TO) will acquire the Superior Refinery, a 50,000 barrel per day permitted capacity facility located in Superior, Wisconsin from Calumet Specialty Products Partners, L.P. for $435 million US in cash.

WSP Global Inc. (WSP.TO) will acquire UEM Edgenta's 61.2% in Opus International Consultants Limited.