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TSX Gains to Start Holiday-Shortened Week

Tilray, Tricon in Focus

Canada's main stock index opened higher on Tuesday, with energy and materials stocks leading gains tracking higher oil and metal prices as traders returned after a long weekend.

The TSX gained 21.61 points to begin a short week at 20,176.90.

The Canadian dollar perked 0.14 cents to 75.62 cents U.S.

Health-care concerns ruled the roost in the first hour of trade, as Tilray Inc. sprinted 19 cents, or 9.3%, to $2.24, while Bausch Health Companies gathered 13 cents, or 1.2%, to $10.73.

In real-estate, units of Northwest Health-Care REIT moved forward 20 cents, or 3.2%, to $6.48, while Tricon Capital improved 36 cents, or 3.1%, to $12.04.

Oil prices hiked $1.36 to $71.15 U.S. a barrel.

Gold prices added $7.50 to $1,937 U.S. an ounce.

ON BAYSTREET

The TSX Venture Exchange gathered 3.75 points, or 1.4%, to 625.08.

Eight of the 12 TSX subgroups gained ground, with health-care vaulting 2.3%, real-estate stronger 0.9%, and energy rumbling 0.8%.

The four laggards were weighed most by utilities and financials, each pointing downward 0.1%, while industrials suffered 0.04%.

ON WALLSTREET

U.S. markets were shuttered for the Fourth of July. They’ll resume business Wednesday.