Equities in Toronto surpassed Monday’s all-time record Tuesday, with a lot of support from health- and energy-related stocks.
The TSX burst into the green by Tuesday’s finish, picking up 58.63 points to 32,058.73.
The Canadian dollar regained 0.30 cents to 73.03 cents U.S.
The TSX is poised to deliver its strongest annual performance since 2009, with the mining and gold sub-indexes having more than doubled this year.
Among other developments, Australia's Goodman Group has struck a $9.32-billion partnership with Canada Pension Plan Investment Board to build data centers across Europe.
Strathcona Resources plunged $10.16, or 29%, to $29.00, after the oil and gas producer provided an update on capital structure.
Health-care proved the strongest of the strong, with Bausch Health Companies ahead 44 cents, or 4.6%, to $10.04, while Curaleaf squeezed ahead two cents to $3.85.
Energy stocks fared well, with Birchcliff Energy positive by 30 cents, or 4.1%, to $7.56, while TerraVest improving 24 cents, or 3.1%, to $8.03.
In utilities, AltaGas captured 83 cents, or 2%, to $42.17, while Atco gained 60 cents, or 1.1%, to $55.68.
In consumer discretionary shares, however, Restaurant Brands International settled $1.76, or 1.8%, to $84.32, while Magna International lost 88 cents, or 1.2%, to $73.79.
In tech stocks, Dye & Durham was hammered 47 cents, or 10.1%, to $4.17, while Coveo Solutions lost 20 cents, or 2.9%, to $6.78.
Among consumer staples, Saputo dropped 44 cents, or 1.1%, to $41.27, while Loblaw Companies handed over 34 cents to $61.55.
On the economic scene, Statistics Canada reported real gross domestic product contracted 0.3% in October on a broad-based decline across sectors.
ON BAYSTREET
The TSX Venture Exchange revived 5.14 points to 990.68.
The 12 TSX subgroups were evenly divided Tuesday, with health-care strengthening 0.8%, while energy and utilities each gained 0.6%.
The half-dozen laggards were weighed most by consumer discretionary stocks, down 1%, while information technology, off 0.5%, and consumer staples, retreating 0.3%.
ON WALLSTREET
Stocks rose for a fourth straight session on Tuesday, as artificial intelligence names continued to outperform during a holiday-shortened week.
The Dow Jones Industrials leaped 79.73 points to conclude Tuesday at 48,492.41.
The S&P 500 took on 31.3 points to 6,909.79, an all-time high.
The NASDAQ jumped 133.02 points to 23,561.84. All three major averages were enjoyed their fourth straight winning session.
Gains in tech giants Nvidia, pointed higher 3%, while Broadcom hiked 2%, lifting the index.
Traders continued to bet the Federal Reserve will lower its benchmark rate next year even after the release of new economic data that came in well above expectations.
The Commerce Department reported that the U.S. economy expanded at 4.3% pace in the third quarter, much better than the 3.2% estimate that economists polled by Dow Jones had forecast.
The report — which was postponed from its initially planned release date of Oct. 30 because of the record-breaking U.S. government shutdown – might have spooked investors into believing an interest rate cut from the Federal Reserve in early 2026 is less likely.
Despite Fed funds futures traders increasing their bets slightly following the report that the central bank would hold rates steady at its January and March meetings, they were still largely pricing in two rate cuts by the end of next year.
The New York Stock Exchange will close early on Wednesday at 1 p.m. ET on Christmas Eve and will be closed Thursday for Christmas Day.
Prices for the 10-year Treasury gained back ground, lowering yields back to Monday’s 4.17%. Treasury prices and yields move in opposite directions.
Oil prices regained 45 cents to $58.46.
Gold prices vaulted $55.20 to $4,524.60
