Canada stocks-TSX rises to record high as technology shares jump

Canada's main stock index rose to a record high on Monday, led by technology shares, as the potential for a strong corporate earnings season offset recent geopolitical uncertainty.

The S&P/TSX Composite Index .GSPTSE ended up 199.04 points, or 0.6%, at 35,568.14, moving past the record closing high it posted last Wednesday.

• "Earnings season will continue to be constructive," said Michael Dehal, a senior portfolio manager at Dehal Investment Partners at Raymond James. "And I think the focus can just be more on corporate earnings than geopolitical tensions."
• Celestica Inc CLS.TO, Agnico Eagle Mines Ltd AEM.TO, Magna International Inc MG.TO and Enbridge Inc ENB.TO were among the major companies set to report earnings this week.
• U.S. President Donald Trump said that the United States was having "good talks" with Iran and there was a chance of a deal over their conflict, but warned U.S. strikes would resume if the negotiations failed to deliver.
• Investors were also awaiting a Federal Reserve interest rate decision on Wednesday.

The technology sector .SPTTTK climbed 6.9%, with shares of e-commerce company Shopify Inc SHOP.TO up 11.6%.

Consumer discretionary .GSPTTCD added 2.2% and heavily weighted financials .SPTTFS ended 0.6% higher.

The materials group .GSPTTMT, which includes metal mining shares, rose 0.4%. The price of gold XAU= was up 0.7% as a pullback in oil prices eased concerns about the inflation outlook and the prospect of higher U.S. interest rates.

U.S. crude oil futures CLc1 settled 7.5% lower at $82.61 a barrel, which weighed on energy shares. Energy .SPTTEN ended 2.9% lower.