Equities on both sides of the border reached higher on Tuesday, as investors looked for signs the ceasefire in the conflict between Israel, U.S. and Iran would hold.
The TSX Composite Index gained 223.12 points to close Tuesday at 34,102.36..
The Canadian dollar edged ahead 0.09 cents at 72.63 cents U.S.
Americas Gold and Silver Corporation was among the top gainers, rising 43 cents, or 5.5%, to $8.29. Rival Avino Gold & Silver gained 39 cents, or 4.1%, to $8.29.
Moreover, defense contractor MDA Space rose $3.08, or 7.2% to its highest level since August 2025, at $46.17.
Elsewhere, Celestica zoomed $25.30, or 5%, to $530.42, while Sangoma collected 51 cents, or 9.7%, to $5.78.
In financials, goeasy Ltd. Hiked $2.04, or 6.5%, to $33.56, while Brookfield Corp. lifted itself to $2.47, or 4.2%, to $62.75.
On the other hand, energy stocks capsized, primarily, Strathcona Resources, which took a header of $1.74, or 4.7%, to $37.49, while those for Kelt Exploration shed 39 cents, or 4.4%, to $8.50.
In consumer staples, Saputo provided the heaviest weight, $1.07, or 2.6%, to $#39.95, while Loblaw Companies dropped 82 cents, or 1.3%, to $61.38.
Health-care also took its lumps, especially, Chartwell Retirement Residences, sliding 28 cents, or 1.3%, to $20.86, while Bausch Health Companies dipped four cents to $7.85.
On the political front, Prime Minister Mark Carney secured a parliamentary majority for his Liberal government on Monday, having won a slate of by-elections, ?wins he has said ?will help him deal more effectively with the trade war started by U.S. President Donald Trump.
ON BAYSTREET
The TSX Venture Exchange rocketed 17.33 points, or 1.7%, to 1,040.01.
Eight of the 12 TSX subgroups had climbed, led by information technology, up 3%, while financials and gold each gained 1.3%.
The four laggards were weighed most by energy, sliding 2.8%, consumer staples, down 0.5%, and health-care, ailing 0.4%.
ON WALLSTREET
Stocks moved higher on Tuesday following a strong session in which traders shrugged off a breakdown in peace talks between the U.S. and Iran, while optimistic that a deal between the two countries was still possible.
The Dow Jones Industrials popped 317.74 points to close Tuesday at 48,535.99.
The S&P 500 jumped 81.15 points, or 1.7%, to 6,967.38.
The NASDAQ flew 455.35 points, or 2%, to 23,639.08.
Technology stocks supported the broader market for another day. Oracle, for example, rose 4%, building on the more than 12% gain it saw in the prior trading day. Nvidia and Palantir Technologies also continued their climb.
Still, shares of some companies came under pressure after the release of fresh earnings results. Wells Fargo posted disappointing numbers, pushing the stock down more than 5%.
JPMorgan Chase reported better-than-expected Q1 figures, but it cut its net interest income guidance. That sent the stock marginally lower.
Wall Street once again proved resilient in the face of increased geopolitical uncertainty. When it comes to Iran, some experts are optimistic that the conflict is not going to last into the second half of the year.
A White House official told the media Tuesday that a second round of U.S.-Iran negotiations is under discussion. To be sure, nothing has been officially scheduled for now.
Also helping sentiment was the release of March’s producer price index reading, as the index rose much less than expected on the month.
Prices for the 10-year Treasury hiked, lowering yields to 4.25% from Monday’s 4.29%. Treasury prices and yields move in opposite directions.
Oil prices tanked $7.12 to $91.96 U.S. a barrel.
Gold prices shone brighter $98.60 to $4,866.00 U.S. an ounce.
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