TSX climbs as tech stocks power broader recovery

Date:

* TSX closes up 0.64%

* Tech, healthcare shares lead gains

April 23 (Reuters) –

Canada’s main stock index climbed to its highest level in
over a week, as tech and healthcare stocks led a broader
recovery, while investors looked forward to an earnings packed
week in the U.S.

The Toronto Stock Exchange’s S&P/TSX composite index
closed up 139.76 points, or 0.64%, at 22,011.72.

“(Markets) will see some continuation of the more positive
tone we saw yesterday. Many different equity markets ended the
last week with a correction, but so far this week sentiment has
been recovering”, said Angelo Kourkafas, senior investment
strategist at Edward Jones Investments.

“Corporate earnings so far appear to be based on improving
growth trends in the economy, but that is really going to
fluctuate based on what America’s tech names report,” he added.

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