The TSX was up Tuesday, further growing its earlier gains, as metals and mining stocks led the parade
The S&P/TSX composite index added 23.37 points to close at 15,097.50
The Canadian dollar flourished 0.75 cents to 80.60 cents U.S.
Metals stocks were the far away leaders, as Teck Resources galloped 72 cents, or 5%, to $15.16, and Sherritt International shares piled on 16 cents, or 6.7%, to $2.54.
Energy stocks gushed as Lightstream Resources triumphed 7.5 cents, or 7.1%, to $1.14, while Precision Drilling gained 46 cents, or 5.6%, to $8.63.
Materials stocks were also strong, as Labrador Iron Ore Mines gained 95 cents, or 5.9%, to $17.11, while First Quantum Minerals tacked on 78 cents, or 4.8%, to $17.07.
Consumer discretionary stocks had not so good a time of it Tuesday, as Hudson’s Bay Company backtracked 82 cents, or 3.2%, to $24.70, and Cogeco Cable slid $1.12, or 1.7%, to $66.58.
ON BAYSTREET
The TSX Venture Exchange fell 1.90 points to 689.37
Eight of the 14 TSX subgroups were higher on the day, with metals and mining spiking 3%, global base metals taking on 2%, and energy better by 0.9%.
The half-dozen laggards were weighed most by consumer discretionary stocks, down 0.7%, while real-estate and utilities each retreated 0.4%.
ON WALLSTREET
U.S. stocks closed slightly lower on Tuesday, as investors failed to hold positive momentum over domestic data and Greece debt talks.
The Dow Jones Industrials sank 28.43 points, to 18,011.94, with Intel leading laggards and Boeing the greatest advancer.
The S&P 500 index dipped 1.68 points to 2,110.05, with utilities leading five sectors lower and energy the greatest gainer.
The NASDAQ fell 4.94 points to 5,077.98
Auto sales for May showed the strongest pace in nearly a decade, with pickup trucks and SUVs leading the way. General Motors sales rose 3% for the month, while Fiat Chrysler Automobiles saw a 4% increase. Ford sales declined 1%.
In corporate news, discount retailer Dollar General closed up nearly 3% after reporting an 8.8% rise in quarterly sales, helped by higher demand for tobacco and health care products and perishable food items.
PVH closed up 7% after the firm said it earned an adjusted $1.50 U.S. per share for its latest quarter, beating estimates by 12 cents.
Revenue was essentially in line, and the maker of Calvin Klein and other apparel brands raised its full-year outlook and announced a $500-million U.S. stock buyback. The upbeat quarter came despite the negative impact of a strong dollar.
Medtronic closed up 0.2% after reporting adjusted quarterly profit of $1.16 U.S. per share, beating estimates by five cents, with revenue also above forecasts. The medical products maker's full-year forecast is slightly below Street estimates, however, as it increases the projected negative impact of the stronger dollar.
Macy's closed up 2.5% after news that several hedge funds asked the U.S. department store to sell its real estate.
Youku Tudou closed up nearly 8% following news of a partnership with Disney. The Chinese video hosting site will be the exclusive online movie marketing platform for Marvel movies and TV series.
Apple closed about half a percent lower. The iPhone maker will announce new music services at its Worldwide Developers Conference next week, according to The Wall Street Journal. Re/code also reports that the company will not announce a widely anticipated subscription TV service at the event, despite rampant speculation.
Factory orders for April showed a decline of 0.4%. March's figure was increased to 2.2% from 2.1%
U.S. April durable goods orders were revised to show a decrease of 1% down from the initial 0.5% decline, Reuters said.
Aside from factory orders and May auto sales, Tuesday is a quiet day for economic data ahead of a slew of releases in the next few days leading up to Friday's key monthly jobs report.
Overseas, the European Commission, the European Central Bank and the International Monetary Fund agreed on a proposed deal for Greece, a senior EU official said in a Reuters report. The proposal still needs acceptance from Athens, which offered a rival plan.
Prices for 10-year U.S. Treasuries faded, sparking yields to 2.26% from Monday’s 2.18%. Treasury prices and yields move in opposite directions.
Oil prices moved up $1.12 a barrel to $61.32 U.S.
Gold prices gained $4.80 at $1,193.50 U.S. an ounce.
