Solid gains by technology, energy and financial issues pushed the TSX higher on Monday. The S&P/TSX composite index 118.50 points to close at 8,639.89.

Advances beat declines 674 to 641, with 185 unchanged, as 274.2 million shares worth changed hands.

The Toronto market was boosted by further gains in the price of Nortel Networks shares, which reclaimed its spot as Canada’s most valuable company last week. Nortel gained 56¢ Monday to close at $10.94. It started the year at $5.49.

Other tech winners included Celestica, up 75¢ at $23.50.

CGI Group reported a 32% rise in quarterly profit to $48.7 million on a 19% revenue gain. Shares in CGI, 29.9% owned by BCE Inc., were up two¢ at $9.07.

Stocks in the financial sector also advanced Scotiabank rose 75¢ to $68.25 and Sun Life Financial was up $1.02 to $36.46.

The energy sector rose 3%, with Petro-Canada up $1.98 to $59.80 and EnCana up $1.72 to $53.30.

Pengrowth Energy Trust announced sharp downward revisions of its reserves, largely because of the reduction in Sable offshore energy project estimates. Its units fell 86¢ to $17.70.

The mining sector was lower as shares in Falconbridge were down 40¢ to $30.95 after 1,060 workers at the company’s nickel operations in Sudbury, Ont., went on strike Sunday.

Ivanhoe Mines dropped $2.34 or 24% to $7.40 even as the company said its Turquoise Hill gold-copper project in Mongolia could rank among the largest in the world.

Atlas Cold Storage Income Trust units dropped 73¢ to $6.51 after the fund restated 11 quarters of financial results deeply downward.

Vasogen moved up 66¢ to $9.20 after European regulatory approval for its main product, Celacade, for the treatment of heart failure.

The junior S&P/TSX Venture composite index lost 13.08 points to 1,780.26.

On Wall Street, a choppy session left New York blue chips higher and techs lower. Investors were looking for direction, unsure that corporate and economic data warrant a further runup in prices.

The Dow Jones industrial average was up 11.11 points at 10,499.18.

The tech heavy Nasdaq composite index slippedthree points to 2,063.15, thanks to losses in the semiconductor sector. The broader S&P 500 rose 4.13 to 1,135.26.

Helping to depress U.S. markets was the latest reading on the American manufacturing sector from the Institute for Supply Management. It reported its manufacturing index didn’t rise as much as expected, edging up to 63.6 in January from 63.4 in December, below the 64 reading forecast by analysts.

The Canadian dollar fell 0.72¢ to close at US74.76¢, driven lower by Friday’s report showing the economy was stagnant during November and by anticipation that the Bank of Canada will cut interest rates.