Equities in Canada’s largest centre added to its yearly gains to begin the last full week of the calendar year, powered by consumer and energy stocks.

The TSX Composite surged 93.56 points to close Monday at 20,622.71.

The Canadian dollar slid 0.09 cents at 74.64 cents U.S.

Consumer discretionary led the stocks higher, with Dollarama soaring $3.25, or 3.6%, to $93.22, while Restaurant Brands International gathered $2.27, or 2.3%, to $100.87.

In energy issues, Shawcor grabbed 48 cents, or 3.4%, to $14.61, while International Petroleum steamed ahead 42 cents, or 2.9%, to $15.07.

Industrials also fared well, with Waste Connections better $2.99, or 1.5%, to $197.38. while Russel Metals pointed upward 57 cents, or 1.3%, to $43.95.

Utilities weakened, though, with Innergex Renewable fading 17 cents, or 1.8%, to $9.22, while Boralex lost 63 cents, or 1.8%, to $33.56.

In health-care, Tilray dipped nine cents, or 3.3%, to $2.67.

Real-estate was also bruised, notably, Allied Properties REIT units, sagging 44 cents, or 2.2%, to $19.79, while Interrent REIT units handed over 28 cents, or 2.2%, to $12.73.

ON BAYSTREET

The TSX Venture Exchange regained 2.7 points to 533.55.

Eight of the 12 subgroups were higher by the closing bell, led by consumer discretionary, growing 1.6%, energy, progressing 1.3%, while industrials advanced 0.6%.

The four laggards were weighed by utilities, down 1%, while health-care and real-estate each sagged 0.3%.

ON WALLSTREET

The S&P 500 rose Monday as the market maintained the momentum seen during its seven-week winning streak.

The Dow Jones Industrials inched ahead 0.86 points to close Monday at 37,306.02.

The S&P 500 finished higher 21.37 points to 4,740.56.

The S&P 500 is now 1.2% away from its all-time closing high at 4,796.56 that was reached in January 2022.

The NASDAQ jumped 90.89 points to 14,904.81.

Communication services outperformed in the S&P 500, with the sector up 1.9%. Mega-cap tech names such as Meta Platforms gained about 3%, while Google-parent Alphabet jumped more than 2%.

U.S. Steel shares surged 26% after Japan’s Nippon Steel said it would buy the company in a deal valued at $14.9 billion.

The S&P 500 is coming off its longest string of weekly gains since 2017. The broad market index is up by 3.8% for the month. The Dow is higher by 3.8%, and the NASDAQ has gained 4.8%. The Dow also posted an intraday record on Friday, while the NASDAQ registered a new closing high.

Prices for the 10-year Treasury fell back a bit, raising yields to 3.94% from Friday’s 3.91%. Treasury prices and yields move in opposite directions.

Oil prices hiked $1.24 to $72.07 U.S. a barrel.

Gold prices progressed $5.10 at $2,040.80.