Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 24.Brendan McDermid/Reuters
Canadian stocks climbed on Thursday as falling bond yields and rising commodity prices boosted investor sentiment, while markets also weighed evolving U.S. tariff policies.
At 1:53 p.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 209.7 points, or 0.86%, at 24,682.38.
The heavily weighted energy sector added 0.9% as oil prices recovered some losses on Thursday.
Materials climbed 1.5% after gold prices rebounded, as investors bought bullion following a sharp decline in the previous session.
“Any sign of commodities stabilizing, I think is a good sign in today’s market,” said Michael Sprung, president at Sprung Investment Management.
Canadian government bond yields fell across the curve with 10-year bond yields falling 5.8 basis points to 3.191%.
Falling yields, which…
