TORONTO, Sept. 9 (Xinhua) -- The Canadian stock market climbed higher Monday, helped by positive news from two largest economies in Asia.
The Toronto Stock Exchange's benchmark S&P/TSX Composite Index rose 33.72 points, or 26 percent, to 12854.64. Canadian stocks rose after data showed that China's exports accelerated while inflation edged lower last month, raising hopes that China is on the path to recovery from a slowdown.
Tokyo's 2020 Olympics bid victory also helped boost market sentiment. The Summer Olympics are expected to provide a boost, much of which in the construction sector, to stimulate Japanese economy.
Meanwhile, Toronto stock market went up after Canadian smartphone maker BlackBerry's stock jumped more than four percent following an unconfirmed report that a Canadian investor was going to buy the troubled smartphone company. Its shares were up 5.9 percent to 11.93 Canadian dollars apiece.
Metals and mining sector added 2.6 percent to lead gainers driven by data out of China. Teck Resources surged over 5 percent to 29.34 Canadian dollars a share.
Shares of energy companies increased 0.3 percent. Suncor Energy rose 0.3 percent to 36.79 Canadian dollars per share.
Financial sector gained 0.1 percent. Toronto-Dominion Bank was up 0.2 percent at 91.36 Canadian dollars and Manulife Financial Corporation added 0.1 percent to 17.72 Canadian dollars a share.
At the closing, the Canadian dollar rose to 0.9644 U.S. dollars at 5 p.m. local time (2100 GMT), compared with 0.9603 U.S. dollars last Friday.