Equities in Canada’s largest market found strengthen after Tuesday’s opening bell, climbing on the backs of gold and materials stocks.
The S&P/TSX Composite Index gained 33.74 points to kick things off Tuesday at 15,663.21
The Canadian dollar gained 0.14 cents to 73.50 cents U.S.
BCE Inc. said a hacker had accessed customer information containing about 1.9 million active e-mail addresses and about 1,700 names and active phone numbers.
BCE shares stayed put at $61.17 in Tuesday’s first hour.
BMO raised the price target on Premium Brands Holdings to $95.00 from $83.00. Premium shares strengthened $1.01, or 1.1%, to $90.52.
CIBC raised the price target on Storm Resources to $5.75 from $5.25. Storm shares jumped 14 cents, or 3.7%, to $3.94.
On a day light on economic tidings, data showed that lending to small Canadian businesses was little changed in March compared to the month before, though borrowing by medium-sized companies jumped as they benefited from a recovery in the energy sector.
ON BAYSTREET
The TSX Venture Exchange gained 2.23 points to 807.32
Eight of the 12 TSX subgroups were in the green to begin the session Tuesday, as materials improved 0.4%, while gold and information technology issues gained 0.3% each.
The four laggards were weighed most by industrials, down 0.2%, while health-care and consumer discretionary stocks each moved back 0.1%.
ON WALLSTREET
The Dow Jones industrial average rose on Tuesday on the back of stronger-than-expected quarterly results from Home Depot.
The Dow took on 30.42 points to begin the session at 21,012.36, with Home Depot contributing the most gains.
The S&P 500 inched ahead 0.53 points from Monday’s all-time high to 2,402.85,
The NASDAQ advanced 7.88 points above Monday’s all-time high to 6,157.56.
The S&P and NASDAQ managed record highs despite an array of mixed news coming out of Washington. Last week, President Donald Trump fired FBI Director James Comey and, on Monday, he defended his sharing of reportedly highly classified information with Russian officials via Twitter.
Home Depot, the home-improvement retailer reported first-quarter earnings of $1.67 a share on revenue of $23.89 billion. Analysts expected a profit of $1.62 per share on sales of $23.74 billion. Home Depot's stock rose about 1.8% in early trade.
Home Depot's stock has been on a tear this year, rising nearly 20% in the period.
Prices for the benchmark 10-year Treasury note was unchanged, maintaining yields at Monday’s 2.34%.
Oil prices gained 24 cents at $49.09 U.S. a barrel
Gold prices picked up $3.80 at $1,233.80 U.S. an ounce.
