Canadian equities ended Tuesday’s session solidly in the green, as progress in health-care stocks powered the country’s main index.
The TSX spiked 179.33 points to 36,107.96.
The Canadian dollar sprang up 0.24 cents to 71.13 cents U.S.
Health-care stocks climbed the mountain, gaining 75 cents, or 3.7%, to $20.91, while Sienna Senior Living jumping 60 cents, or 3.1%, to $20.14.
Among real-estate holdings, units of Allied Properties REIT took on 19 cents, or 3.5%, to $5.62, while Colliers International bounced $4.88, or 3.8%, to $130.85.
In tech stocks, Docebo bounced $2.49, or 6.2%, to $42.54, while BlackBerry took on 93 cents, or 8.1%, to $12.47.
Energy stocks were in the red, however, Spartan Delta fell 55 cents, or 3.8%, to $14.13, while Kelt Exploration backed off 35 cents, or 3%, to $11.47.
Traders raised their bets for a Bank of Canada interest rate hike next week, and are now pricing in nearly an 85% chance of a quarter-point increase
ON BAYSTREET
The TSX Venture Exchange lost 0.71 points to 846.
All but one of the 12 subgroups were positive, led by health-care, jumping 2.6%, real-estate, 1.9% more solid, and information technology, hiking 1.7%.
The lone dissenter was energy, down 0.5%.
ON WALLSTREET
The Dow Jones Industrial Average rose on Tuesday as a number of upbeat earnings reports and a drop in oil prices overshadowed recent pressure seen among artificial intelligence-related stocks.
The 30-stock index heightened 531.39 points, or 1%, to 52,497.42.
The S&P 500 index moved higher 21.94 points to 7,712.67.
The tech-heavy NASDAQ settled into negative territory 6.07 points to 26,424.82.
Shares of industrial and safety products producer 3M offered a boost to the Dow, jumping more than 5% following better-than-expected earnings results and a full-year guidance raise.
Shares of aerospace and defense company Northrop Grumman also advanced more than 5% after it posted an earnings beat.
The market has been weighed down as of late by worries about the sustainability of the AI trade, as debt and demand concerns grow. In fact, sentiment in tech took a hit earlier in the day after Korean AI firm Elice tumbled more than 30% overnight in its public market debut.
Prices for the 10-year Treasury gained ground, lowering yields to 5.12% from Monday’s 5.14%. Treasury prices and yields move in opposite directions.
Oil prices dropped $2.57 to $101.09 U.S. a barrel.
Gold prices dulled $18.80 to $4,141.30 U.S. an ounce.
Related Stories
