Surging metals prices helped Canadian stocks trade in positive territory for the second consecutive session on Tuesday as investors awaited a wave of key corporate earnings. The S&P/TSX Composite Index climbed by 47 points, or 0.2%, to settle at 27,364.
Despite sharp declines in technology stocks, healthy gains in other key sectors like mining, energy, and consumer discretionary helped keep the TSX benchmark in positive territory.
Top TSX Composite movers and active stocks
Ivanhoe Mines, Agnico Eagle Mines, Wheaton Precious Metals, and BRP were the day’s top-performing TSX stocks, with each climbing by at least 3.9%.
Shares of NGEx Minerals (TSX:NGEX) also climbed by 3.9% to $18.86 per share after the Vancouver-based mining firm revealed intentions to spin out royalty interests in its Lunahuasi and Los Helados projects into a new company.
Under the proposed arrangement, NGEx shareholders would…
