TORONTO — Strength in consumer cyclical stocks helped Canada's main stock index finish slightly higher on Monday, while U.S. markets lost ground as investors await U.S. inflation data.

The S&P/TSX composite index was up 16.55 points at 27,775.23.

“I think the markets are just trying to digest, especially in Canada; we had disappointing jobs data from last week, but we had some pretty good numbers out of Constellation and Shopify that are helping hold the markets up,” said Diana Orlic, a senior wealth adviser with Richardson Wealth.

Shopify Inc. finished 1.19 per cent lower after seeing gains earlier in the day, holding on to its strength from last week. The company reported a profit of US$906 million in its latest quarter as its revenue grew by 31 per cent. It shares were trading up mor

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