Markets in Canada's largest centre staged a comeback Tuesday, after two straight days of heavy losses following last week's Brexit vote.
The S&P/TSX Composite – after two straight days of heavy losses – gained 150.5 points, or 1.1%, to open Tuesday at 13,840.29
The Canadian dollar took on 0.16 cents to 76.62 cents U.S.
Air Canada, Canada's largest airline, said it finalized an order to buy 45 Bombardier Inc CSeries jets.
Shares in the Maple Leaf airline got lift of 24 cents, or 2.9%, to $8.54.
Fairfax Financial Holdings Ltd has agreed to buy 80% of PT Asuransi Multi Artha Guna Tbk (AMAG) for about $165 million U.S.
Fairfax shares docked $3.12 to $674.68
Desjardins raised the target price on Canadian Natural Resources to $41.00 from $36.00.
Natural Resources shares hiked 98 cents, or 2.6%, to $38.64.
Desjardins raised the rating on Husky Energy to buy from hold.
Husky shares improved 28 cents, or 1.9%, to $14.83.
Canaccord Genuity initiates coverage on Tamarack Valley Energy with a buy rating. Tamarack shares bolted higher 16 cents, or 4.6%, to $3.61.
ON BAYSTREET
The TSX Venture Exchange gained back 3.42 points to start Tuesday at 706.27
All but two of the 13 subgroups began Tuesday on the upside, with metals and mining up 4%, energy up 2.7%, and health-care better by 2%.
The two laggards were gold, down 1.4%, and materials, down 0.3%.
ON WALLSTREET
U.S. stocks traded more than 1% higher Tuesday, following gains overseas, after a sharp two-day selloff on the surprise U.K. vote to leave the European Union.
The Dow Jones Industrials recovered 195.26 points, or 1.1%, to 17,336.10, with Travelers, Goldman Sachs, McDonald's and Visa among the top contributors to gains.
The S&P 500 restored 23.29 points, or 1.1%, at 2,024.05. Energy rose 2% to lead S&P 500 advancers.
The NASDAQ Composite Index jumped 76.42 points, or 1.6%, to 4,670.16,
In economic news, the final revision to U.S. first-quarter GDP edged up to 1.1%.
June consumer confidence came in at 98.0 versus 92.4 in May.
Prices for the 10-year Treasury lowered, raising yields to 1.47% from Monday’s 1.45%. Treasury prices and yields move in opposite directions.
Oil prices hiked $1.39 a barrel to $47.72 U.S.
Gold prices fell $10.50 to $1,314.20 U.S. an ounce.
