Equities in Canada’s largest centre opened higher on Tuesday, following the Victoria Day holiday on Monday, as financial stocks led broad gains and BlackBerry jumped more than 8%.
The S&P/TSX Composite Index gained 57.43 points, to begin a short week at 15,515.89
The Canadian dollar gathered 0.21 cents to 74.29 cents U.S.
The government of Argentina's San Juan province has approved a plan for improving Barrick Gold's Veladero mine following its third spill of cyanide solution in 18 months and could allow full operations to resume in early June.
Barrick shares leaped 32 cents, or 1.4%, to $22.83.
Barclays raised the rating on Toronto-Dominion Bank to equal weight from underweight. TD shares took on 46 cents to $63.51.
Barclays raised the rating on Bank of Nova Scotia to overweight from equal weight. Scotiabank shares gained 66 cents to $76.14.
TD Securities cut the rating on Kelt Exploration to buy from action list buy. Kelt shares deducted 11 cents to $7.34.
On the economic calendar, Statistics Canada reports wholesale trade rose 0.9% in March and surpassed the $60-billion mark for the first time.
The agency reported gains in four of seven sub-sectors, accounting for 60% of total wholesale sales, and were led by the building material and supplies sub-sector.
ON BAYSTREET
The TSX Venture Exchange gained 6.19 points to 813.09
All but two of the 12 TSX subgroups were higher to begin the day, as gold and information technology powered ahead 0.8% each, while telecoms improved 0.7%.
The lone laggards were in consumer discretionary stocks, off 0.1%, and energy, hesitating but 0.01%.
ON WALLSTREET
U.S. equities kicked off Tuesday's session higher as investors kept an eye on President Donald Trump's trip overseas while parsing through the White House 2018 budget.
The Dow Jones Industrials Average added 9.8 points to 20,904.63, with IBM contributing the most gains.
The S&P 500 took on 0.73 points to 2,394.72, with materials and information technology leading advancers.
The NASDAQ slid 7.91 points to 6,125.71.
The president met with Palestinian President Mahmoud Abbas and also met with Israeli Prime Minister Benjamin Netanyahu. The U.S. president will be in Europe for the rest of his trip.
Wall Street also paid attention to the White House's proposed budget for next year. In it, the White House is seeking to cut federal spending by $3.6 trillion over the next 10 years.
In economic news, new home sales data for April were due at 10 a.m. ET.
Prices for the benchmark 10-year Treasury note regained gained ground, lowering yields to 2.24% from Monday’s 2.25%. Treasury prices and yields move in opposite directions.
Oil prices gained 10 cents at $51.23 U.S. a barrel
Gold prices moved doggedly upward 60 cents at $1,262.00 U.S. an ounce.
