Equities in Canada’s largest centre rose on Tuesday, paring some of the losses inflicted in the prior two sessions after Britain's shock vote to leave the European Union as oil rallied and investors trolled for bargains.
The S&P/TSX Composite gained back 152.9 points, or 1.1%, to end the session at 13,842.69
The Canadian dollar gained 0.28 cents to 76.74 cents U.S.
Base metals stocks proved the strongest of all Tuesday, with First Quantum Minerals first in line, picking up 65 cents, or 7.9%, to $8.89, while Teck Resources triumphed 46 cents, or 3.1%, to $15.37.
Health-care stocks sang Tuesday, as Valeant Pharmaceuticals rebounded $1.60, or 6.5%, to $26.10, while Concordia Healthcare soared 57 cents, or 2.2%, to $26.27.
Among energy issues, Baytex Energy rocketed 58 cents, or 8.8%, to $7.18, while Encana Corporation leaped 49 cents, or 5.1%, to $10.06.
Gold went down Tuesday, particularly Iamgold, sliding 25 cents, or 4.4%, to $5.46, while Kinross Gold faltered 26 cents, or 3.9%, to $6.48.
ON BAYSTREET
The TSX Venture Exchange gained back 4.4 points to close Tuesday at 707.25
All but two of the 13 subgroups ended the session on the upside, with metals and mining up 3.7%, health-care, haler by 2.5%, and energy, up 2.4%.
The lone laggards were gold, down 1.5%, and materials, off 0.5%.
ON WALLSTREET
U.S. stocks closed higher Tuesday, lifted by gains in oil prices, as investors looked for bargains after the Brexit selloff.
The Dow Jones Industrials vaulted 269.48 points, or 1.6%, to 17,409.72. Travelers and Goldman Sachs contributed the most to gains in afternoon trade, while DuPont had the greatest negative impact.
The S&P 500 climbed 35.55 points, or 1.8%, at 2,036.09, with energy leading all 10 sectors higher.
The NASDAQ Composite Index jumped 97.42 points, or 2.1%, to 4,691.87, helped by gains in Facebook, Amazon.com, Microsoft and Apple.
In economic news, the final revision to U.S. first-quarter GDP edged up to 1.1%.
June consumer confidence came in at 98.0 versus 92.4 in May.
Prices for the 10-year Treasury dipped, raising yields to 1.46% from Monday’s 1.45%. Treasury prices and yields move in opposite directions.
Oil prices hiked $1.58 a barrel to $47.91 U.S.
Gold prices fell $8.70 to $1,316 U.S. an ounce.
