TSX Fails To Match U.S. Rally -- Canadian Commentary

(RTTNews) - Canadian stocks inched higher Monday, unable to match the significant rally in U.S. stocks.

Bay Street remained in a cautious mood after Friday's inflation data hinted at a rate hike from the Bank of the Canada.

The TSX Composite Index rose 74.82 points to 15,298.56. At the same time, the DJIA jumped more than 600 points on Wall Street.

Energy stocks rose despite a slight drop in oil prices. Oil slipped near $65 a barrel, easing from 7-week highs.

Gold stocks continued to rise along with the price of gold, which touched a 5-week peak.

Husky Energy (HSE.TO) faces charges from a 2016 oil spill into the North Saskatchewan River. Shares were down fractionally.

NeuLion (NLN.TO) shares surged 112% after Endeavor bought it for US$250 million.

Bombardier Inc.(BBD_A.TO) has extended its rail service contract with Maryland. Shares rose slightly.

Aimia (AIM.TO) announced three new board nominees -- Edwards, Mittleman and Rabe.

Stornoway Diamond (SWY.TO) posted a net loss for the latest quarter.

Toronto Star's (TS.B.TO) editor is to step down June 1. The search for a replacement has been launched.