Canada’s main stock index rallied more than 1 per cent on Monday on strength in the financial and industrials sectors. The TSX moved higher on the broader rally supported by gains in mining, tech and utilities. It was a similar story south of the border where markets recovered some of the heavy losses sustained in last week’s trading. Investors now anticipate the U.S. Federal Reserve initiating a rate cut cycle later in the month. There are two important reports due this week that could offer clues on Fed’s decision, one is the August consumer price report due Wednesday and the producer price …