Canadian stocks rose for the second consecutive session on Tuesday as the victory of Prime Minister Mark Carney’s Liberal Party in federal elections provided a short-term boost to market sentiment and helped ease political uncertainty. This factor, coupled with hopes of global easing trade tensions, drove the S&P/TSX Composite Index up by 76 points, or 0.3%, to 24,874 — helping the market benchmark climb for the 10th out of the previous 12 sessions.
Even as weaker crude oil and metals prices pressured commodity-linked stocks, strong gains in other sectors, including healthcare, consumer cyclicals, and financials, were enough to nudge the TSX higher.
Top TSX Composite movers and active stocks
Brookfield Business Partners, Tilray, TMX Group, and GFL Environmental were the top-performing TSX stocks for the day, with each climbing by at least 2.9%.
On the flip side, Kelt Exploration, International Petroleum, Birchcliff Energy, and…
