12:18 PM EST, 11/11/2024 (MT Newswires) -- The Toronto Stock Exchange is up 113 points at midday, with info tech (+2.5%) and financials (+1.25%) leading the biggest gains.

Miners (-2%), is the biggest decliner.

Oil prices fell sharply for a second-straight session early on Monday as China again reported its economy continues to sputter despite fresh stimulus measures introduced last week, while the dollar continued its post-election rally.

Gold fell to a month-low as the dollar continued its rally following Donald Trump's win in the U.S. presidential election.

BMO Economics in its morning note, noted last week's election and Fed meeting roused U.S. financial markets. Stocks rallied strongly, prodded by Donald Trump's and the GOP's victories and Trump's proposal to cut corporate taxes further and lighten businesses' regulatory burdens.

Today, the bond market is closed owing to Veterans Day, but the stock market is open.

Last week, BMO noted, Canadian stocks were pulled higher by the tide of rising U.S. equities, but they underperformed on the week. "That," BMO said, "might be indicative of what's coming on the growth front. While a lot of ink has spilled on the concern about tariffs (a worthy concern no doubt), pro-growth policy changes would surely help if actions south of the border drive stronger U.S. activity. As a bonus, should a change of government in Canada take place at some point in 2025, any tit-for-tat pro-growth policy response would also support the outlook". Most sectors finished the week with gains, led by technology, energy and financials. Telecom lagged.

BMO noted the data flow is relatively light this week in Canada.