Equities in Canada’s largest market moved into positive territory Tuesday, as resource stocks ruled the roost.
The TSX came off its highs of the day, but gained 67.82 points to close Tuesday at 35,320.54.
The Canadian dollar was ahead 0.41 cents to 71.08 cents U.S.
U.S. military carried out a third consecutive ?night of strikes against Iran on Monday as President ?Donald Trump reimposed a blockade of Iranian shipping and proposed a 20% fee to guard the Strait of Hormuz.
In ?company news, material technology company Mattr Corp said late on Monday it expects second-quarter ?revenue in the range of $390 million to $400 million. Mattr shares popped $3.22, or 23.1%, to $17.11.
Trekor Metals advanced $1.20, or 12.1%, to $11.17, leading gains in the main index, while First Quantum Minerals took on $3.02, or 8.4%, to $38.99 and Hudbay Minerals was up $1.99, or 6.7% to $31.59.
Among financials, TD Bank climbed $2.12, or 1.2%, to $172.81, Royal Bank of Canada hiked $3.09. or 1%, to $300.96, and Bank of Nova Scotia tallied 78 cents to $125.25.
On the downside, Rogers Communications lost 90 cents, or 1.9% to $46.34, Thomson Reuters dipped $4.22, or 3.2%, to $129.00, Shopify moved into the green 27 cents to $176.84, and OpenText lost $1.76, or 5.3%, to $31.59, amid global weakness in the software sector.
Separately, Canada's federal banking regulator warned major financial institutions about risks associated with Anthropic's Claude Mythos and other advanced AI models, ?saying the new technology could shorten time to identify, mitigate and respond to vulnerabilities.
ON BAYSTREET
The TSX Venture Exchange jumped 10.42 points, or 1.2%, to 891.70
Eight of the 12 subgroups were lower, with information technology sliding 2%, while telecoms descended 1.2%, and consumer staples faded 1.1%.
The four gainers were led by materials, up 1.2%, financials, ahead 0.7%, and utilities, better by 0.4%.
ON WALLSTREET
The S&P 500 rose on Tuesday after June inflation data came in weaker than expected, though the index’s gain was kept in check as traders assessed rising oil prices and a slew of corporate earnings releases.
The Dow Jones Industrials fought their way up 10.02 points to 52,508.06.
The S&P 500 index acquired 28.54 points to 7,543.88.
The NASDAQ Composite regained 233.83 points to 26,107.
Shares of International Business Machines weighed on the 30-stock index, with the stock down 25% after the company warned second-quarter profits will be lower than expected due to soft demand in its software and infrastructure businesses.
Applied Materials and Teradyne gained more than 4%. Lam Research and Micron Technology increased more than 5%. STMicroelectronics climbed more than 3%.
The consumer price index in June fell 0.4% on the month, bringing the annual inflation rate to 3.5%. Economists polled by Dow Jones had called for a 0.2% decline last month and expected the inflation rate to come in at 3.8%.
With easing inflation, expectations that the Federal Reserve would hike interest rates this year reduced following the release.
Semiconductor stocks offered a boost to equities, as they rebounded after a selloff in the previous session.
Prices for the 10-year Treasury hiked, lowering yields to 4.59% from Monday’s 4.62%. Treasury prices and yields move in opposite directions.
Oil prices jumped $1.54 to $79.68 U.S. a barrel.
Gold prices rumbled ahead $53.50 to $4,059.20 U.S. an ounce.
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