By Adriano Marchese
Toronto-listed stocks inched higher on Tuesday as investors digest the latest U.S. inflation data, which showed a slightly hotter-than-expected increase of 3.2%.
Canada’s S&P/TSX Composite Index was up 0.22% at 21816.79 and the blue-chip S&P/TSX 60 rose by 0.30% to 1317.79.
Sector performance was mixed in the session, with tech the major gainer, followed by health services and consumer discretionary. Utilities were down the most followed by materials and producer manufacturing stocks.
Shares of Altius Minerals rose 7.3% to 20.57 Canadian dollars ($15.25) after reporting late Monday that royalty revenue came in lower, but better than expected, in the fourth quarter. The company also said it expects growth to improve thanks to new developments in its portfolio.
Other market movers:
Eupraxia Pharmaceuticals’ stock fell 30% to C$4.12 after the biotechnology company priced a C$30 million share…
