Canada's main stock index opened higher on Wednesday, led by the health-care and energy sectors
The S&P/TSX Composite Index came out of the blocks ahead 56.74 points to begin Wednesday trading at 16,193.40
The Canadian dollar added 0.14 cents at 74.99 cents U.S.
Aurora Cannabis Inc said it had picked billionaire investor Nelson Peltz as a strategic advisor.
Aurora shares perked $1.50, or 14.1%, to $12.14.
RBC cut the price target on Dollarama to $46.00 from $49.00. Dollarama shares gave back 91 cents, or 2.5%, to $35.41.
CIBC raised the rating on Imperial Metals to neutral from underperform. Imperial shares gained 16 cents, or 4.9%, to $3.44.
Canaccord Genuity cut the price target on Surge Energy to $2.25 from $2.75. Surge shares took on a penny to $1.37.
ON BAYSTREET
The TSX Venture Exchange tacked on 2.32 points to 623.37
All but two of the 12 TSX subgroups improved, as health-care gained 3.9%, energy gushed 1%, and consumer staples obtained 0.5%.
The two laggards proved to be communications, subsiding 0.3%, and consumer discretionary stocks, off 0.1%
ON WALLSTREET
Stocks rose on Wednesday as Boeing tried to regain some of the sharp losses from this week while investors digested the release of solid economic data.
The Dow Jones Industrial Average recouped 132.21 points to kick off Wednesday trading at 25,686.87
The S&P 500 gained 15.04 points to 2,806.56
The NASDAQ Composite improved 42.15 points to 7,633.18.
Boeing shares rose 0.9% following an 11.2% drop in the previous two sessions. The aerospace giant's stock has been under pressure this week since amid worries over the safety of the 737 MAX airplane, one of its most popular models.
Several countries, including China, the European Union and Indonesia, grounded all flights involving the 737 Max model after two deadly crashes in less than six months, including one on Sunday.
J.P. Morgan Chase traded 0.4% amid media reports the bank was expanding into several new markets, including some that are dominated by Bank of America. Other bank shares also rose, with Citigroup and Bank of America advancing more than 1% each.
Equities got a boost Wednesday after the Commerce Department said non-defense durable goods orders posted their largest increase in six months in January, rising 0.8%. Overall durable goods orders also rose 0.4% while economists expected a decline of 0.5%.
Prices for the benchmark 10-year U.S. Treasury fell, raising yields to 2.62% from Tuesday’s 2.6%. Treasury prices and yields move in opposite directions.
Oil prices acquired 98 cents to $57.85 U.S. a barrel.
Gold prices $10.70 to $1,308.80 U.S. an ounce.
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