SAN FRANCISCO (MarketWatch) — Canadian stocks were slightly higher on Monday after progress in this weekend’s European Union summit lifted investor sentiment. At last check, the benchmark S&P/TSX Composite Index gained 135.75 points, or 1.1%, at 12,085.24. Metals and mining stocks led gains in Toronto, as gold futures tracked the rise in U.S. stocks. Shares of Teck Resources Ltd. added 4.7% while shares of First Quantum Minerals Ltd. picked up 6.8%. Among notable movers, shares of Silvercorp Metals Inc. soared 17.1% after the miner said an audit of the company’s accounting practices backed the company’s financial statements against recent fraud allegations. The Canadian dollar strengthened 0.4% against its U.S. counterpart , with one U.S. dollar recently purchasing 1.005 Canadian, versus 1.0088 late Friday.

Originally from MarketWatch