TORONTO — Strength in technology stocks helped Canada’s main stock index climb over 100 points on Tuesday, while U.S. markets also rose and oil prices fell. The S&P/TSX composite index closed 109.26 points higher at 26,718.62. A rally in the U.S.
TORONTO — Strength in technology stocks helped Canada’s main stock index climb over 100 points on Tuesday, while U.S. markets also rose and oil prices fell.
The S&P/TSX composite index closed 109.26 points higher at 26,718.62.
A rally in the U.S. tech sector had a spillover effect, according to one strategist, driving Canada’s benchmark index higher.
“You’ve got the U.S. tech sector that is leading, and so it’s a good rally on tech in general. Actually, when you look at where it’s coming from, Intel, AMD, Super Micro, it’s not coming from the usual suspects of Nvidia. So I would argue that we’re getting a broadening out of a rally in the tech sector, obviously spilling over…
