Following a brief pause, Canadian equities resumed their climb on Tuesday, boosted by a recovery in crude oil prices and growing optimism around global economic resilience. The S&P/TSX Composite Index surged by 297 points, or 1.2%, to settle at 24,306 — its highest closing level in over two weeks.
Nearly all key sectors ended the session in the green, but the TSX rally was mainly driven by solid gains in healthcare, technology, and financial stocks.
Investors’ high expectations from the upcoming corporate earnings season added to the positive momentum as markets looked for signs that businesses are navigating trade headwinds effectively.
Top TSX Composite movers and active stocks
NovaGold Resources (TSX:NG) popped by 39% to $6 per share after the company announced a transformative US$1 billion deal with Paulson Advisers to acquire Barrick Gold’s 50% stake in the Donlin Gold project. As part of the agreement, NovaGold will…
