Equities in Canada’s largest centre recovered Tuesday what they had lost Monday, powered mostly energy and telecom stocks.
The index ended Tuesday better by 60.27 points to 35,262.59.
Oil prices, which had retreated to near pre-conflict levels following the Iran-Israel ceasefire, edged higher after reports of new attacks on vessels in the Strait of Hormuz.
The Canadian dollar eked higher 0.05 cents to 70.43 cents U.S.
Among energy plays, Spartan Delta sprinted 47 cents, or 4.1%, to $11.82, while Arc Resources tallied $1.20, or 4%, to $31.16.
In telecoms, Rogers hiked $1.41, or 3.2%, to $46.15, while BCE tacked on 69 cents, or 2.3%, to $30.38.
In the consumer staples end of things, Loblaw leaped $1.35, or 2.2%, to $63.04, while Saputo captured 38 cents to $41.29.
Gold and materials shares, however, got tattooed, as Avino Gold & Silver dumped 74 cents, or 7.9%, to $8.63, while USA Gold & Silver let go of 71 cents, or 10.3%, to $6.22.
Hudbay Minerals chucked $2.58, or 7.8%, to $30.58, while Silvercorp Metals let loose 87 cents, or 6.1%, to $13.30.
In consumer discretionary stocks, Magna International parted with $1.87, or 2%, to $91.40, while Aritzia shed $2.41, or 1.6%, to $147.22.
On the economic front, Canada's merchandise exports increased 1.6% in April, while imports edged up 0.3%. As a result, Canada's merchandise trade surplus with the world widened from $1.8 billion in March to $2.7 billion in April.
Elsewhere, the IVEY Purchasing Managers Index skidded to 56.2 in June from 58.2 in May, but improved on a reading of 53.3 in June 2025
ON BAYSTREET
The TSX Venture Exchange plummeted 31.09 points, or 3.4%, to 893.12.
All but three of the 12 subgroups were higher on the day, led by energy, ahead 3.1%, telecoms, surging 1.8%, while consumer staples picked up 1%.
The three laggards were gold and materials, each stumbling 3.8%, while consumer discretionary sank 0.4%.
ON WALLSTREET
The Dow Jones Industrial Average pulled back from record levels on Tuesday as investors once again appeared to rotate out of names tied to artificial intelligence and as oil prices advanced.
The 30-stock index backed off 131.35 points to 52,924.56, after surpassing 53,000 Tuesday for the first time ever.
The S&P 500 fell 33.68 points to 7,503.75.
The tech-heavy NASDAQ cratered 302.47 points, or 1.2%, to 25,818.69.
Shares of Micron were last seen 7% lower, with KLA, Marvell Technology, Broadcom and AMD also posting declines.
Investors moved into key names in other areas of the market such as healthcare, financials and Big Tech. Shares of Eli Lilly gained 2%, while JPMorgan Chase and Microsoft also saw gains.
Walmart shares were higher as well on the heels of the company announcing price cuts on products such as ground beef and Coca-Cola.
Meanwhile, SpaceX shed 6% amid its Tuesday entrance into the NASDAQ.
Prices for the 10-year Treasury swooned, raising yields to 4.55% from Monday’s 4.47%. Treasury prices and yields move in opposite directions.
Oil prices added $3.46 to $72.01 U.S. a barrel.
Gold prices changed course and moved downward $43.20 to $4,124.30 U.S. an ounce.
