Nov 11 Reuters Canada39;s main stock index hit a threeweek high on Monday, led by technology and financial shares, as markets continued to rally on Donald Trump39;s reelection in the United States.
The SPTSX composite index was up 107.4 points, or 0.43, at 24,866.8, hovering near a record high last hit on Oct. 21.
The technology sector led the overall gains with a 1.7 jump, buoyed by blockchainfarm operator Bitfarms39;s shares that climbed 10.5 after Bitcoin soared to a record high above 82,000.
Heavyweight financials and ratesensitive utilities shares were also among the top gainers, rising 1.1 each.
This is just a continuation of the Trump rally, said Ian Chong, portfolio manager at First Avenue Investment Counsel.
There is still a lot of optimism regarding economic growth with Trump39;s progrowth policies.
Trump39;s victory kicked off a global stock market rally last week over market anticipation of equityboosting tax cuts and looser regulations by the new administration.
However, Canada could be impacted by Trump39;s proposed 10 tariff on imports as it sends about 75 of its exports to the United States, including oil.
The materials sector fell 3.2 after gold prices declined, dragged by a firmer dollar and increased risk appetite as markets expect the Federal Reserve to adopt a cautious policy easing approach under Trump39;s administration.
Copper prices slipped after new bank lending in China fell more than expected in October.
Investors this week will…