TORONTO — Canada’s main stock index rose by more than 200 points on Tuesday as gains in base metal and financial stocks helped lead a broad-based rally, while U.S. stock markets also climbed. The S&P/TSX composite index was up 216.
TORONTO — Canada’s main stock index rose by more than 200 points on Tuesday as gains in base metal and financial stocks helped lead a broad-based rally, while U.S. stock markets also climbed.
The S&P/TSX composite index was up 216.92 points at 20,839.63.
Lesley Marks, chief investment officer of equities at Mackenzie Investments, called it another strong showing led by renewed hope that interest rate cuts could be in store after the calendar flips.
“I think what we’ve seen generally from our central bank and the (U.S.) Federal Reserve is confirmation that interest rates have peaked and the next step is going to be lower interest rates at some point in 2024,” she said.
“The equity market…
