TSX Resilient Despite Falling Oil Prices -- Canadian Commentary

(RTTNews) - Canadian stocks nudged higher for a second session Monday, as the broader market continued to withstand the significant recent drop in oil prices.

The TSX Composite Index was up 38.14 points, or 0.25 percent, to 15,544.82.

Financials performed relatively well as TD Bank (TD.TO) rallied despite numerous downgrades based on a CBC report highlighting overly aggressive sales tactics.

"We see opportunities in owning other stocks in our coverage with similar U.S./International exposure and less reputational risk at stake over the near term," said RBC of TD.

Vista Equity Partners will buy financial technology services provider DH Corp (DH.TO) for C$4.8 billion ($3.6 billion).

Energy stocks was up slightly, even as robust U.S. production and a stronger dollar have driven oil sharply lower over the past week.

April WTI oil settled at $48.40/bbl on Nymex down 9 cents, or 0.2%, the lowest since November.

U.S. shale oil production from seven main regions is forecast to rise by 109,000 barrels a day to 4.962 million barrels a day in April from March, according to a monthly report from the Energy Information Administration.