Bay Street Posts Tepid Gains -- Canadian Commentary

(RTTNews) - Canadian stocks inched higher Monday, helped by higher oil prices and easing concerns over the U.S.-China trade squabble.

"President Xi and I will always be friends, no matter what happens with our dispute on trade. China will take down its Trade Barriers because it is the right thing to do. Taxes will become Reciprocal & a deal will be made on Intellectual Property. Great future for both countries!," Trump tweeted.

The TSX Composite Index was up 20.29 points to 15,227.70, trimming recent losses.

Liquor Stores N.A. Ltd. (LIQ.TO) has appointed Paul Reid As President And COO Of Its Liquor Division.

Valeant Pharmaceuticals International (VRX.TO) said its Ortho Dermatologics DUOBRII showed superiority over vehicle in test.

Kinder Morgan (KLM.TO) has suspended most spending on its Trans Mountain pipeline amid regulatory scrutiny from British Columbia. It will decide in May to go ahead with the project.

CP Rail (CP.TO) union members voted to approve a strike.

Canadian Tire (CTC.TO) has expanded its loyalty program in a bid to attract new customers.

An activist investor is seeking board seats on Crescent Point Energy (CPG.TO).

TD Bank (TD.TO) is discouraging investors from taking positions in marijuana stocks, according to the Globe and Mail.

WTI light sweet crude oil was up $1.40 at $63.46 a barrel at last check.