The Globe and Mail reports in its Tuesday edition that Canada's main stock index rose on Monday, led by gains for resource shares as the seasonal optimism of investors offset an uncertain outlook for the Canadian economy and domestic political uncertainty. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 149.50 points at 24,748.98, extending its rebound from a six-week low on Thursday. U.S. markets also notched gains after a stop-gap government funding bill averted a U.S. government shutdown. "We're seeing the beginnings of a Santa Claus rally as stocks continue to show strong momentum into year-end," said Brandon Michael, senior analyst at ABC Funds. The Toronto Stock Exchange has climbed 18.1 per cent since the start of the year. Still, that is less than the 25-per-cent advance for the S&P 500. Minutes from the Bank of Canada's December meeting showed the decision to opt for a 50-basis-point interest-rate cut reflected a weaker outlook for growth than forecast in October. On Wall Street, gains by many of the Magnificent Seven tech stocks pushed benchmarks up on a holiday-thinned trading day. With many investors taking time off, the Mag 7's dominance will be even more pronounced.