Toronto stocks ended in positive territory Monday, as a good day in financials and technology sectors offset a lackluster day in resources.

Investors bought up stocks in expectations of federal tax cuts. The minority Liberal government promised $39 billion in tax cuts and spending over six yearsy as it presented a fiscal update today.

The S&P/TSX composite index finished up 15.32, or 0.14%, to 10,684.72.

Volume on the senior exchange was 203 million shares.

Seven of the 10 TSX main sub-groups were up, with financials gaining 0.43%.

The Bank of Nova Scotia lifted 4¢, or 0.09%, to $44.23, while Sun Life Financial advanced 74¢, or 1.67%, to $45.05.

A barrel of light crude gained 16¢ to US$57.69 on the New York Mercantile Exchange. The energy sector nudged ahead 0.04%.

EnCana Corp. gained 58¢, or 1.14%, to $51.48.

The information technology sector moved ahead 0.43%. Research in Motion gained 54¢, or 0.81%, to $67.33.

The telecommunications sector was up 0.80%.

Telus gained 97¢, or 2.05%, to $48.37.

Gold prices dipped 10¢ to US$468.20 on the Nymex. The gold sector fell 1.05%.

Barrick Gold lost 49¢, or 1.57%, to $30.65, while Placer Dome dropped 37¢, or 1.5%, to $24.34 and Gold Corp. ended down 10¢, or 0.43%, at $23.35.

Onex reported third-quarter profits of $281 million, a drop of $13 million from a year-ago. Revenues were $4.4 billion, a jump of 29$. Shares gained 3¢, or 0.15%, to $19.98.

The Canadian dollar closed at US83.77¢, down a quarter of a cent.
Currency traders were reacting to the increasing likelihood of a federal election call.

The junior S&P/TSX Venture composite index finished down 6.72, or 0.33%, to 2,013.78.

In New York, investors absorbed positive corporate news from retailers Wal-Mart and Lowe’s Cos., but were cautious ahead of economic date due to be released this week.

The Dow Jones industrial average rose 11.13 points, or 0.1%, to 10,697.17, the S&P 500 index fell 0.96, or 0.08%, to 1,233.76, and the Nasdaq composite index lost 1.52, or 0.07%, to 2,200.95.