The S&P/TSX composite index climbed 45.51 points to 35,414.61 in late-morning trading on Monday, buoyed by gains in the technology sector.
The advance in Canadian equities stood in contrast to the mixed performance across US markets, where the S&P 500 and Nasdaq Composite posted gains while the Dow Jones Industrial Average slipped lower.
The divergence in US trading underscores a continued rotation between growth and value stocks, a theme that has persisted through recent sessions.
While tech-heavy indices found support, the broader market showed signs of hesitation, with the Dow’s decline reflecting pressure on traditional industrial and financial names.
This session follows a period of volatility in US equities, where buying interest had previously returned to lift major indices toward record territory earlier in the week.
The current mixed picture suggests investors are recalibrating positions amid shifting sector dynamics, with Canadian markets benefiting from the relative strength in technology shares.