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TSX ends up 0.3% at 20,641.97
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Posts its highest closing level since Feb. 15
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Teck Resources shares climb 7.8%
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Shopify adds 4.8%
(Adds strategist quote and details throughout, updates prices)
By Fergal Smith
April 17 (Reuters) - Canada's main stock index rose to
its highest closing level in two months on Monday, helped by
gains for the technology sector and a fresh record high for the
shares of takeover target Teck Resources Ltd .
The Toronto Stock Exchange's S&P/TSX composite index ended up 62.06 points, or 0.3%, at 20,641.97, its
seventh straight day of gains and its highest closing level
since Feb. 15.
Teck Resources shares climbed 7.8%, taking its gains since the start of the month to 32%. Glencore executives have met or spoken with some 120 Teck Resources shareholders during a short visit to Toronto in an effort to win support for the company's takeover bid, a source familiar with the situation said. The technology sector rose 0.5% as e-commerce company Shopify Inc added 4.8%. Industrials and heavily-weighted financials also gained 0.5%. Consumer staples was among the sectors that lost ground, falling 0.9%. Energy was down 0.3% as oil settled 2.1% lower at $80.83 a barrel. (Reporting by Fergal Smith; Additional reporting by Shristi Achar A in Bengaluru; Editing by Shilpi Majumdar and Paul Simao)
