Stocks in North America, particularly in Toronto, staged a rally Wednesday, a day after a stunning victory in the race for the White House by Donald Trump over Hillary Clinton.
The S&P/TSX Composite stayed positive 103.07 points to close Wednesday at 14,759.91
The Canadian dollar trimmed 0.61 cents, to 74.64 cents U.S.
Gold stocks fared especially well, Kinross Gold leading the parade, up 12 cents, or 2.3%, to $5.32, and Iamgold, adding eight cents, or 1.4%, to $5.79.
Energy stocks pushed upward, too, as EnCana Corporation gathered 48 cents, or 3.5%, to $14.21, while Baytex Energy climbed 16 cents, or 3.1%, to $5.32.
The tech sector also benefited from the general good vibes, as BlackBerry added eight cents to $9.54.
But there were negatives, too, as utilities went south, primarily Enbridge, down 16 cents to $56.93, while Fortis Inc. dropped 54 cents, or 1.3%, to $42.56.
ON BAYSTREET
The TSX Venture Exchange faltered 3.65 points to 753.20
Seven of the 12 TSX subgroups were positive, with gold shining 2.3% brighter, energy chugging along 2%, and information technology up 1.9%.
The five laggards were weighed most by utilities, down 1.4%, consumer discretionary, off 1%, and real-estate, down 0.8%.
ON WALLSTREET
U.S. stocks surged more than 1% Wednesday with financials and health-care leading after Republican Donald Trump won the presidential election, defying market expectations for a Hillary Clinton win.
The Dow Jones Industrials accelerated 256.95 points, or 1.4%, to 18,589.69, with Pfizer leading advancers and Coca-Cola the top decliner.
The S&P 500 gained 23.7 points, or 1.1%, at 2,163.26, with financials leading six sectors higher and utilities lagging.
The NASDAQ composite index bolted higher 57.58 points, or 1.1%, to 5,251.07
Trade volume Wednesday was the highest since the surprise U.K. vote to leave the European Union in June.
Trump shocked the world by beating Clinton in the race for the White House. Trump's success was only part of a larger, crushing victory for the Republican Party, which retained the House and appeared poised to maintain Senate control.
Investors also began adding exposure to health-care and defense stocks, both of which saw significant pressure heading into the election, since Clinton was the favourite to win.
Prices for the 10-year Treasury collapsed, sending yields sharply upward to 2.08% from Tuesday’s 1.87%. Treasury prices and yields move in opposite directions.
Oil prices stayed positive 49 cents to $45.47 U.S. a barrel
Gold prices moved upward 70 cents to $1,275.20 U.S. an ounce.
