Equities in Toronto were solidly in the green by noon hour Tuesday, as investors awaited the latest interest rate decision.
The TSX Composite hurtled higher 149.78 points, to pause for lunch hour Tuesday at 19.068.18.
The Canadian dollar gained 0.45 cents to 73.45 cents U.S.
The whole market pointed upwards, including cannabis concerns such as Canopy Growth, gaining 66 cents, or 21%, to $3.81, while Tilray picked up 50 cents, or 11.5%, to $4.86.
In technology, Celestica galloped $2.21, or 17%, to $15.23, while HUT 8 Mining advanced 29 cents, or 10.6%, to $3.02.
Real-estate plays shone, too, as Tricon Group was richer 36 cents, or 3%, to $12.35, while Killam Apartment REIT picked up 45 cents, or 2.9%, to $15.76.
The Bank of Canada announces its rate decision Wednesday, and traders are pricing in a 70.2% chance of a supersized 75-basis-point hike, taking its overnight lending rate to a 14-year high at 4%.
ON BAYSTREET
The TSX Venture Exchange increased 6.15 points, or 1.1% to 593.36.
All 12 TSX subgroups gained ground, as health-care skyrocketed 6.1%, information technology gathered 2.1%, and real-estate hiked 1.9%.
ON WALLSTREET
The NASDAQ Composite was up Tuesday as investors looked ahead to big technology earnings and evaluated sliding yields for further clues into the health of the U.S. economy.
The Dow Jones Industrials gained 246.56 points to 31,746.18.
The S&P 500 took on 47.99 points, or 1.3%, to 3,845.33.
The tech-heavy NASDAQ advanced 213.03 points, or 2%, to 11,165.64.
So far this season, companies have proven they may be faring better than anticipated. That’s due in part to the fact that analysts’ earnings estimates have come down in recent months as companies faced foreign exchange headwinds and other growth concerns.
This could set up stocks for rallies on potentially better-than-feared outcomes.
Alphabet and Microsoft are among the companies set to report earnings after the bell as a week with tech as the centerfold continues. Chipotle Mexican Grill is also on deck.
Those reports will come after a smattering of results before the bell.
UPS, 3M and General Motors all posted better-than-expected earnings. Shares of UPS and GM rose in early trading, but 3M dipped 1.6%.
Coca-Cola also reported stronger-than-forecast earnings, sending the stock up 1%.
The S&P CoreLogic Case-Shiller 20-City House Price Index released Tuesday showed home prices fell 1.3% in the 20 core cities studied month-over-month in August, but were still 13.1% higher than a year ago.
The Consumer Confidence Index also fell, showing the view on the economy has soured after two months of the outlook improving.
Treasury prices shot higher, lowering yields to 4.08% from Monday’s 4.25%. Treasury prices and yields move in opposite directions.
Oil prices advanced 52 cents to $85.10 U.S. a barrel.
Gold prices climbed $7.60 to $1,661.70 U.S. an ounce.
