Stocks in Canada’s largest centre more than made up Tuesday for heavy losses sustained on Monday, largely on advances in resource stocks.
The S&P/TSX Composite Index leaped 211.35 points, or 1.6%, to finish Tuesday at 13,775.19
The Canadian dollar gained 0.28 cents to 77.43 cents U.S.
Gold issues did much of the climbing, with Kinross Gold scaling 40 cents, or 5.9%, to $7.15, while rival Yamana Gold hiked 30 cents, or 5.3%, to $5.93.
Base metals moved forward, too, as Teck Resources gathered 31 cents, or 2.6%, to $12.29, while First Quantum leaped 55 cents, or 6.9%, to $8.53.
Among energy stocks, Encana Corporation improved 18 cents, or 2.3%, to $7.91, and Suncor Energy gushed $1.28, or 3.9%, to $34.52.
The lone holdout, it seems, was in the health-care field, as Valeant Pharmaceuticals flopped 63 cents, or 1.7%, to $35.93
ON BAYSTREET
The TSX Venture Exchange strengthened 3.68 points to 661.10.
All but one of the 13 TSX subgroups were ahead, with materials and gold each triumphing 3%, with metals and mining stronger 2.7%.
The only sour note was struck in the health-care section, 0.2% sicker.
ON WALLSTREET
Stocks in the United States closed more than 1% higher Tuesday, helped by weakness in the yen against the dollar and gains in oil prices.
The Dow Jones Industrials vaulted 222.44 points, or 1.3%, to 17,928.35, with Goldman Sachs and Boeing contributing the most to gains as nearly all members of the Dow 30 advanced. With that gain, the Dow enjoyed its best day since March 11.
The S&P 500 leaped 25.11 points, or 1.2%, to 2,083.80. Materials and industrials led all S&P 500 sectors higher in afternoon trade.
The NASDAQ Composite Index climbed 59.67 points, or 1.3%, to 4,809.88. Shares of Amazon.com, Microsoft and Alphabet had the greatest positive impact on the tech-heavy index.
In economic news, wholesale inventories were up 0.1% in March, in-line with expectations.
The U.S. Job Openings and Labor Turnover Summary (JOLTS) report showed a rise in job openings to 5.8 million in March, while the hiring rate edged down to 3.7%
The National Federation of Independent Business' small business optimism index rose for the first time this year, up one point from a two-year low in March to 93.6 in April. The figure remained below the 100 reading in December 2014 and its 42-year average of 98.
Prices for the 10-year Treasury regained some strength, lowering yields to Monday’s 1.75%. Treasury prices and yields move in opposite directions
Oil prices added $1.22 a barrel to $44.66 U.S.
Gold prices moved higher $2.62 to $1,266.50 U.S. an ounce.
Related Stories
