Equities in Toronto were again pointed upward on Tuesday, powered by resource and consumer stocks, after heavy losses to end last week.
Canada's main stock index soared 204.72 points to close Tuesday at 32,388.60.
The Canadian dollar went higher 0.20 cents at 73.33 cents U.S.
Techs took a pasting, with shares of Constellation Software sliding $165.34, or 6.7%, to $2,288.91.
Materials proved the champion of the growing subgroups, as Taseko Mines grabbed $1.35, or 12.8%, to $11.90, while Perpetua Resources climbed $2.84, or 7.5%, to $40.26.
Gold rocketed, too, as Aya Gold took on $1.72, or 8%, to $23.21, while Novagold improved 74 cents, or 6.4%, to $12.14.
In consumer staples, Loblaw Companies zoomed $2.23, or 3.5%, to $65.15, while George Weston tacked on $2.64, or 2.7%, to $99.69.
Elsewhere in techs, Descartes Systems lost $8.89, or 8.9%, to $90.50, while Shopify waned $18.32, or 10.2%, to $162.34.
In real-estate, Altus Group surrendered $5.32, or 11.4%, to $41.24, while Colliers International weakened $12.42, or 6.8%, to $174.25.
Financials also went south, with TMX Group down $4.24, or 8.3%, to $47.18, while Brookfield Asset Management shed $4.32, or 7%, to $64.55.
ON BAYSTREET
The TSX Venture Exchange vaulted 22.05 points, or 2.1%, to 1,052.72.
Eight of the 12 TSX subgroups were higher early Tuesday afternoon, with gold brightening 4.5%, materials higher 4.3%, and consumer staples, jumping 1.7%.
Among the laggards, information technology slumped 5.9%, real-estate, off 0.8%, and financials 0.4% to the bad.
ON WALLSTREET
The S&P 500 pulled back as investors dumped technology stocks and moved into shares more broadly linked to improvements in the economy.
The Dow Jones Industrials staggered 166.67 points to 49,240.99.
The much broader index sagged 58.63 points to 6,917.81.
The NASDAQ stumbled 336.92 points, or 1.4%, to 23,255.19.
Most tech shares were in the red, including the “Magnificent Seven” names that have reported earnings so far — Microsoft lost 3% of its strength and Meta Platforms shares were down 2%, while Tesla and Apple were marginally lower.
Nvidia also slumped, with the artificial intelligence bellwether’s 4% drop adding to its losses for the year. Meanwhile, software stocks continued their 2026 tumble, with shares of names like ServiceNow and Salesforce falling 7% each.
Shares of Palantir jumped 6% after the defense tech company gave strong fourth-quarter financial results and upbeat guidance. At one point, shares were trading 11% higher in Tuesday’s premarket session.
There were a few bright spots in markets, however. Walmart gained 2% and surpassed a $1-trillion market capitalization threshold on Tuesday following an eye-watering stock climb driven by its digital businesses growth and acquisition of new customers.
PepsiCo advanced 4% after the company reported strong earnings, fueled by improving organic sales across its business. Elsewhere, bank stocks such as JPMorgan and Citigroup were in the green.
Prices for the 10-year Treasury regained lost ground Tuesday, lowering yields to 4.27% from Monday’s 4.28%. Treasury prices and yields move in opposite directions.
Oil prices gained $2.06 to $64.20 U.S. a barrel.
Gold prices popped $316.30 to $4,968.00 U.S. an ounce.
