Canada’s main stock index, the S&P/TSX composite, started the week on a positive note, rising 1.2% on Monday. The increase was primarily driven by gains in materials and utilities stocks, with the energy sector also contributing due to stronger oil prices. Investors are closely watching for upcoming domestic and U.S. inflation data, as well as commentary from Federal Reserve officials. The market’s performance reflects anticipation of potential interest rate cuts, with gold prices benefiting from this sentiment as a hedge against the U.S. dollar.