Equities managed to finish higher Tuesday, mostly on momentum created by cannabis stocks.
The S&P/TSX Composite hung onto gains of 32.29 points to close Tuesday at 18,492.50.
The Canadian dollar slid 0.31 cents to 78.82 cents U.S.
Gold weighed things down, with IAMGOLD Corporation fading 19 cents, or 4.3%, to $4.26, while Kinross Gold dumped 39 cents, or 4.2%, to $8.96.
Among other resources, Agnico Eagle Mines slumped $3.67, or 4.3%, to $81.04, and Osisko Mining off 10 cents, or 3.1%, to $3.09.
Consumer staples also took their bruises, with Primo Water down 40 cents, or 1.8%, to $21.74, and Premium Brands Holdings slipping $1.85, or 1.7%, to $104.78.
As mentioned, cannabis led health-care issues out of the gully, with Aphria climbing $5.83, or 27.1%, to $27.38, while Aurora Cannabis gained $1.95, or 12.4%, to $17.75.
In energy stocks, Vermilion Energy took on 49 cents, or 7.2%, to $7.34, while MEG Energy gathered 29 cents, or 5.2%, to $5.89.
In the financial world, Equitable Group improved $4.14, or 3.7%, to $116.25, while Fairfax Financial gained $15.73, or 3.1%, to $528.61.
Statistics Canada reported Tuesday Canadian investors acquired an unprecedented $26.9 billion of foreign securities in December, largely purchases of U.S. shares.
Meanwhile, non-residents added $5.1 billion of Canadian securities to their holdings, the lowest investment in three months.
The Canadian Real Estate Association reported home sales recorded over Canadian MLS Systems climbed 2% between December 2020 and January 2021 to set another new all-time record, of 583,635 home sales this year.
ON BAYSTREET
The TSX Venture Exchange hiked 20.69 points, or 1.9%, to 1,088.13.
All but three of the 12 TSX subgroups were lower on the day, as gold waned 2.1%, materials dropped 0.8%, and consumer staples weakened 0.7%.
The three gainers were led by health-care, up 7%, energy, surging 2.9%, and financials, richer by 0.3%.
ON WALLSTREET
The S&P 500 reversed lower in volatile trading on Tuesday, slipping from a record high as rising bond yields kept investors on edge.
The Dow Jones Industrial Average gained 64.35 points to close Tuesday at 31,522.75, eking out a record close.
The S&P 500 lost 2.24 points to 3,932.59.
The NASDAQ Composite demurred 47.97 points to 14,047.50. All three major averages hit record highs earlier in the day.
Energy was the best-performing sector, rising 2.3% as a deep freeze in the South sparked a rally in oil prices and put West Texas Intermediate crude futures above $60 a barrel for the first time in over a year.
The Dow has gained 5.1% in February, while the S&P 500 has grown 5.9%, while the NASDAQ has 7.5%. The S&P 500 has raked in 10 record closes in 2021.
Elsewhere, bitcoin crossed $50,000 for the first time ever Tuesday, continuing its dizzying rally as more companies warmed to the crypto space.
Prices for 10-Year Treasurys stumbled, sending yields higher to 1.31% from Friday’s 1.21%. Treasury prices and yields move in opposite directions.
Oil prices gained 63 cents to $60.10 U.S. a barrel.
Gold prices dropped $29.30 to $1,793.90
