Equities in Canada’s largest centre recovered strength Wednesday, as resource and health-care stocks ruled the roost, and as the Bank of Canada left interest rates alone.
The TSX flew 265.88 points to close Wednesday at 36,091.61.
The Canadian dollar regrouped 0.28 cents to 72.25 cents.
Miners gained, tracking an uptick in gold and silver prices, with ?Endeavour Silver up $1.17, or 8.2% to $15.40, Kinross Gold gaining $1.01, or 2.5%, to $41.85, and Barrick ?Gold adding $1.22, or 2%, to $61.11.
Health-care stocks also moved upward, as Bausch Health Companies accumulating 45 cents, or 5%, to $9.46, while Chartwell Retirement Residences gained 35 cents, or 1.7%, to $20.74.
Consumer ?discretionary shares bounced back from two sessions of declines, aided by a rise of $1.51, or 2.2%, in shares of sportswear retailer Gildan Activewear to $71.28.
Tech stocks slumped, as Celestica dipped $31.59, or 7.6%, to $384.25, while BlackBerry shares gave up 34 cents, or 3.1%, to $10.54.
In utilities, Brookfield Infrastructure Partners backed off $1.25, or 2.4%, to $50.22, while Brookfield Renewable Partners slid 68 cents, or 1.6%, to $42.80.
In consumer staples, Alimentation Couche-Tard descended $2.03, or 2.4%, to $82.25, while Empire Company fell $1.03, or 2.1%, to $47.05.
Iran and its Arab neighbours were plunged back into war as U.S. forces hit Iran's southern coast and Iran struck at American bases across the region.
However, oil prices were little changed after hitting one-month highs earlier in the session
Against this backdrop, comments from policymakers at the Bank of Canada will be closely watched following their interest-rate decision, which revealed the rate stayed put at 2.25%.
Meanwhile, Prime Minister Mark Carney's Liberal Party won three special elections on Tuesday, maintaining his slim majority in Parliament at a time of worsening U.S. trade ties.
ON BAYSTREET
The TSX Venture Exchange was in the green 5.84 points to 962.50.
The 12 TSX subgroups were evenly split, with materials gaining 1.8%, gold stronger 1.7%, and health-care issues, up 1.4%.
The half-dozen laggards were weighed most by information technology stocks, slumping 1.7%, utilities, waning 0.8%, and consumer staples shed 0.7%.
ON WALLSTREET
Stocks rose on Wednesday as U.S. Treasury yields took a breather from the recent run-up that sent them to multiyear highs.
The Dow Jones Industrials jumped 295.07 points to conclude Wednesday at 53,061.95, boosted by a rise in shares of health-care stocks such as Johnson & Johnson, Merck and Amgen.
The S&P 500 regained 35.13 points to 7,666.60.
The NASDAQ Composite popped 118.05 points to 26,227.83.
The benchmark U.S. 10-year Treasury note yield hit a high of 4.814% on the day, a level not seen since November 2023. Yields in the U.K., Germany and France also rose. In Japan, the 10-year government yield traded around multi-decade highs.
Energy Secretary Chris Wright told the media Wednesday that more than 17 million barrels of oil moved through the Strait of Hormuz on Monday. That’s the highest level since the Iran war broke out in February.
The moves higher in oil come as the U.S. launched more military strikes on Iran, raising concern that the conflict could escalate once more.
Prices for the 10-year Treasury gained, lowering yields to Tuesday’s 4.79%. Treasury prices and yields move in opposite directions.
Oil prices recovered 72 cents to $90.94 U.S. a barrel.
Gold prices brightened $37.20 to $4,433.60 U.S. an ounce.
