The TSX fell back from triple-digit gains, as the momentum in energy and mining stocks started to slow down.
The S&P/TSX composite index jumped 71.33 points – off its highs of the day -- to close at 14,889.04
The Canadian dollar remained positive 0.48 cents to 81.55 cents U.S.
The energy and mining groups continued to lead the advancers, supported by firm gold and crude oil prices.
Among energy issues, Lightstream Resources took on eight cents, or 7.4%, to $1.16, while Enerplus Corp. gained 79 cents, or 7.9%, to $11.88.
Among miners, Trevali Mining gained three cents, or 3.1%, to 99 cents, while Capstone Mining gained four cents, or 3.2%, to $1.29.
Consumer staples fared well, too, as Alimentation Couche-Tard spiked $1.04, or 2.1%, to $51.75.
Among health-care issues – one of only two losing groups, Valeant Pharmaceuticals faded $5.44, or 1.9%, to $280.91.
Manulife Financial was the most heavily traded stock, gaining 34 cents, or 1.4%, to $23.97, or 5.2 million shares.
ON BAYSTREET
The TSX Venture Exchange was still positive 0.68 points to 682.30
All but two of the 14 TSX subgroups were higher on the day, with energy soaring 1.3%, global base metals better by 1.1%, and consumer staples up 1%.
The two laggards were health-care, off 0.7%, and telecoms, down 0.2%.
ON WALLSTREET
U.S. stocks bounced on Wednesday, closing up more than 1%, amid signs of encouraging developments in the Greece debt talks and better economic growth as yields continued to rally.
The Dow Jones Industrials rocketed 236.36 points, or 1.3%, to 18,000.40, as traders cheered a Bloomberg report that Germany is said to consider offering Greek Prime Minister Alexis Tsipras aid in return for committing to one economic reform, sources familiar with
Germany's position told the news service.
The S&P 500 index grew 24.85 points to 2,105.00, with information technology leading all 10 sectors higher.
The NASDAQ shunted higher 62.83 points to 5,076.69.
Goldman Sachs, Morgan Stanley, JPMorgan Chase, Wells Fargo and PNC Financial all hit new highs.
Gains in oil boosted energy more than 1% to trade among the leaders in the S&P 500. Chevron was among the blue-chip leaders as all the stocks in the index advanced.
Netflix closed up 3.7% to a record after news its shareholders approved an increase in the company's share authorization, the precursor to a stock split. There's no indication yet for an exact ratio for the split.
Apple gained 1.1% despite reports that its newly announced Apple Music service is facing antitrust scrutiny from the attorneys general of New York and Connecticut. The probe will center on Apple's negotiations with music companies on its paid subscription service.
The only data of note out Wednesday, total weekly mortgage applications, showed an 8.4% jump on a seasonally adjusted basis as buyers rushed to get mortgages ahead of rising rates.
The United States Treasury Department reported a budget deficit of $82.4 billion U.S. in May, a 37% drop from the same period last year.
Prices for 10-year U.S. Treasuries stumbled, rocketing yields to 2.49% from Tuesday’s 2.43%. Treasury prices and yields move in opposite directions.
Oil prices hiked $1.09 a barrel to $61.23 U.S.
Gold prices leaped $8.40 at $1,186.00 U.S. an ounce.
