The buying momentum in Canada's benchmark index continued, as energy and mining stocks held on to their gains.
The S&P/TSX composite index gained 74.38 points to close the day at 14,817.71
The Canadian dollar gained 0.44 cents to 81.02 cents U.S.
The energy group surged, as Pengrowth Energy rocketed 30 cents, or 9.7%, in price to $3.40. Moreover, Lightstream Resources powered ahead six cents, or 5.9%, to $1.07.
The metals and mining sector climbed as First Quantum Minerals galloped 96 cents, or 5.7%, to $17.89, and Capstone Mining rallied four cents, or 3.3%, to $1.25.
The utilities sector also blossomed as Brookfield Renewable Energy gained 66 cents, or 1.9%, to $35.64.
Gold went the other way, as Alamos Gold slumbered 29 cents, or 3.7%, to $7.53. Iamgold proved the most heavily traded stock, gaining nine cents, or 3.4%, to $2.77, on 4.1 million shares.
Health-care shares were also a bit wonky, as Valeant Pharmaceuticals capsized $2.52, or 0.9%, to $286.21.
ON BAYSTREET
The TSX Venture Exchange dropped 4.76 points to 684.27
The 14 TSX subgroups were split between gainers and losers, energy leading the former group, up 1.8%, metals and mining ahead 1.7%, and utilities, up 0.9%.
The seven laggards were weighed most heavily by gold, off 1.6%, health-care, sliding 0.9%, and information technology, letting go of 0.2%.
ON WALLSTREET
U.S. stocks closed narrowly mixed as investors eyed recovery in bond yields and economic indicators that could shed light on the timing of a rate hike, amid continued Greece debt negotiations.
The Dow Jones Industrials finished a seesaw day down 2.51 points to close at 17,764.04, with Procter & Gamble leading advancers and Walt Disney leading decliners.
The S&P 500 index finished positive 2.52 points to 2,081.80, with consumer staples leading five sectors higher and telecommunications the greatest decliner.
The NASDAQ slid 4.62 points to 5,017.01. The index has not closed below 5,000 since May 13.
Apple closed 0.3% lower to weigh on the NASDAQ, which briefly fell below its 50-day moving average.
PNC Financial, Capital One, BB&T, Zions Bancorp, People's United Financial and KeyCorp all touched multi-year highs.
Airlines plunged, with Southwest Airlines and Alaska Air falling 4% and 3% respectively. Southwest reported an approximately 6% decline in May passenger revenue per available seat mile.
Earlier, yogawear retailer Lululemon Athletica reported that its quarterly profit had more than doubled, thanks to a 6% rise in total comparable-store sales.
After the close, index giant MSCI announces its decision on whether or not to include Chinese A-shares in its emerging market index.
On the economic scene, wholesale inventories showed an increase of 0.4% in April, above expectations of a 0.2% rise.
The Job Openings and Labour Turnover Survey showed 5.376 million job openings in April. The report was expected to show continued strength in the labour market. A strong read would further solidify the case for a September short-term interest rate hike.
U.S. small business confidence increased to a five-month high in May of 98.3, the highest since December, according to the National Federation of Independent Business. .
Prices for 10-year U.S. Treasuries dipped, raising yields to 2.43% from Monday’s 2.38%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.82 a barrel to $59.96 U.S.
Gold prices tacked on $2.60 at $1,176.20 U.S. an ounce.
