Toronto stocks moved higher Monday, as a strong day in the resource sector overshadowed weakness in the financials group.

The sizzling hot Canadian dollar also enjoyed another jump in value versus its U.S. counterpart.

The S&P/TSX composite index gained 27.37 points, or 0.19%, to 14.146.74, shrugging off trouble overseas.

China’s Shanghai composite index plunged 8.3% on Monday in its biggest one-day drop since a February drop that triggered a global market selloff. The decline came after the Chinese government last week raised a tax on stock trading.

Overall, six of the 10 TSX main sub-groups were up.

The energy index gained 1.14%.

Light, sweet crude oil futures shot ahead $1.13 to US$66.21.

Petro Canada gained 24¢, or 0.44%, to $55.34.

The materials group moved up 0.21%, the gold sub-index fell 0.71%.

Gold futures fell 50¢ to US$670.70

Kinross Gold fell 12¢, or 0.83%, to $14.34.

Financials fell 0.82%.

Sun Life Financial fell 85¢, or 1.68%, to $49.70.

The S&P/TSX Venture composite index moved up 4.14 points, or 0.13%, to 3,279.01.

The loonie gained 0.26 of a cent to US94.48¢.

In New York, markets ended moderately higher as mergers and acquisition news overshadowed higher energy prices.

The Dow Jones industrial average gained 8.21 points, or 0.06%, to 13,676.32, the Nasdaq composite index gained 4.37, or 0.17%, to 2,618.29, and the S&P 500 index moved up 2.84, or 0.18%, to 1,539.18