Stocks in Toronto rolled on Tuesday, with added spice provided by telecoms and industrial stocks.
The TSX kept on its winning track, gaining 233.51 points on the day to 33,256.83
The Canadian dollar added 0.03 cents to 73.77 cents U.S.
Bank of Montreal named Catherine Blaesing and Jerome Doucet as co-heads of global corporate banking within the capital markets team.
BMO shares finished Tuesday up $1.20 to $197.49.
Silvercorp Metals reported results after the bell on Monday, with third-quarter adjusted profit more than doubling from a year earlier. Silvercorp switched direction and gained 11 cents to $14.74.
Among individual movers, Shopify climbed $11.90, or 7.4%, to $172.54, after MoffettNathanson upgraded its rating to 'buy' from 'neutral'.
Elsewhere, ATS led industrial stocks, charging ahead $1.82, or 4.5%, to $42.42, while Canadian National Railway muscled higher $3.63, or 2.6%, to $143.77.
The next subgroup up was materials, with Franco-Nevada climbing $9.03, or 2.7%, to $345.76, while SSR Mining triumphed $1.02, or 2.9%, to $36.15.
In telecoms, Cogeco grabbed 92 cents or 1.4%, to $68.09, while Rogers Communications feasted 67 cents, or 1.4%, to $68.09.
Consumer staples let the side down somewhat, as Saputo erased $1.21, or 2.8%, to $41.63, while Loblaw decreased $1.02, or 1.5%, to $65.77.
In energy issues, PrairieSky Royalty handed over 83 cents, or 2.7%, to $29.48, while Terravest slid $3.01, or 1.9%, to %156.76.
In tech issues, Dye & Durham dipped 20 cents, or 5%, to $3.77, while Celestica got hammered $28.80, or 6.7%, to $403.96.
ON BAYSTREET
The TSX Venture Exchange dished off 5.31 points to 1,032.20.
All but three of the 12 TSX subgroups were stronger at the close Tuesday, with industrials grabbing 1.1%, while materials and telecoms each took on 0.9%.
The three laggards were consumer staples, down 0.6%, energy, sliding 0.3%, while information technology, backtracking 0.2%.
ON WALLSTREET
The S&P 500 moved lower on Tuesday as investors reacted to weaker-than-expected retail sales data and grew concerned about the threat artificial intelligence poses to the financial sector.
The Dow Jones Industrials index gained 52.2 points, to 50,188.07,
The much broader index fell back 23.01 points to 6,941.81.
The NASDAQ tumbled 136.2 points to 23,102.47.
Under pressure Tuesday were shares of retailers Costco, down 2% and Walmart, which fell more 1%. That’s after the latest retail sales report showed that consumer spending in December was flat, missing the 0.4% monthly gain that economists polled by Dow Jones were expecting.
Retail sales had increased 0.6% in November.
Financial stocks also took a hit Tuesday after tech platform Altruist launched a new AI-powered tax planning tool. Shares of LPL Financial declined 7%, while shares of Charles Schwab dropped 6% and Morgan Stanley dipped 2%.
Investors are awaiting the big jobs report on Wednesday, and the consumer price index on Friday.
The latest retail sales report showed that consumer spending in December was flat, missing the 0.4% monthly gain that economists polled by Dow Jones were expecting. The figure comes after a 0.6% gain that economists polled by Dow Jones were expecting. Retail sales had
increased 0.6% in November.
Prices for the 10-year Treasury gained ground, lowering yields to 4.14% from Monday’s 4.20%. Treasury prices and yields move in opposite directions.
Oil prices dropped 26 cents to $64.10 U.S. a barrel.
Gold prices erased $21.60. to $5,057.80 U.S. an
