NCM News: CANADA STOCKS-TSX starts week higher as energy, materials stocks gain - 16th May 2023, 6:32am

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By Maiya Keidan

TORONTO, May 15 (Reuters) - Canada's main stock index rose 0.59% on Monday, helped by gains in energy and materials as wildfires hit tightening oil supplies and Newmont Corp's A$26.2 billion ($17.8 billion) buyout of Newcrest Mining Ltd edged closer to the finish line.

At the close on Monday, the Toronto Stock Exchange's S&P/TSX composite index was up 120.35 points at 20,539.97.

The energy sector rose 1.4% as oil prices hit a dollar a barrel on Monday as the prospect of tighte...

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