Toronto stocks moved higher for a fifth consecutive session on Monday, boosted by strength in financial and energy stocks.

The S&P/TSX composite index gained 87.01 points, or 0.8%, to close at 10,467.77.

Financial stocks rose 1.7% during Monday’s trading.

Shares of Bank of Nova Scotia gained $1.24, or 2.9%, to close at $44.24, and CIBC’s stock advanced $1.48, or 2.6%, to $58.88.

Sun Life Financial Inc. rose 4.4% to $32.83.

Also higher was Royal Bank of Canada, up 2.4% to $48.69 and Power Corp., up 3% to $27.19.

Meanwhile, oil futures rallied after an attack on an oil platform in Nigeria sparked concerns about supply. Crude for August delivery rose US$2.33, or 3.3%, to end at US$71.49 a barrel on the New York Mercantile Exchange.

The increase sent the energy group on the TSX up 1.4%.

Shares of Petrobank Energy and Resources Ltd. jumped $1.32, or 4%, to $34.76.

Canadian Natural Resources Ltd. advanced 2.1% to $60.91 and shares of Petro-Canada rose 2.2% to $44.94.

Nexen Inc. rose 2.3% to $25.15.

The materials group edged up 0.3% on Monday despite a dip in gold futures. August gold fell 30 cents to end at US$940.70 an ounce on the Comex division of the New York Mercantile Exchange.

The sub-gold index rose 0.4%.

Gainers included Goldcorp Inc., higher by 0.8% to $41.85.

Shares of Potash Corp. jumped $2.69, or 2.5%, to $110.35 and Agrium Inc. advanced 1.8% to $47.62.

Other materials stocks retreated, including Teck Resources Ltd., down 2.9% to $18.58, and Iamgold Corp., lower by 1.7% to $11.84.

Shares of T-shirt-maker Gildan Activewear Inc. tumbled nearly 10% on Monday on concerns production could be affected by the coup in Honduras, despite a company update assuring the public that operations have not been impacted. Gildan shares plunged $1.80 to $16.82.

As a whole, the consumer discretionary group fell 0.8% on Monday.

Meanwhile, coffee chain Tim Hortons Inc. has revealed plans to reorganize itself, regrouping its U.S. and Canadian business units into a single Canadian entity. During Monday’s trading, Tim Hortons shares edged up 0.3% to $28.75.

The S&P/TSX Venture composite index dipped lower on Monday, shedding 6 points, or 0.5%, to close at 1,105.56.

The Canadian dollar closed down US0.19¢ at US86.45¢. The loonie is headed for a hefty monthly loss, so far down 5.6% since the end of May.

Stock market indexes in New York also finished higher on Monday, helped by a boost in energy stocks.

The Dow Jones industrial average gained 90.99 points, or 1.1%, to close at 8,529.38.

The S&P 500 index added 8.33 points, or 0.9%, to finish at 927.23.

The Nasdaq composite index advanced 5.84 points, or 0.3%, to end at 1,844.06.

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