The S&P/TSX Composite Index climbed over 1.5% to surpass the 23,200 mark on Tuesday, rebounding from three consecutive sessions that had pushed it to seven-month lows.
This recovery is underpinned by renewed prospects for U.S. tariff negotiations, which could ease pressures from aggressive tariffs, and supported by rising bullion prices that bolster the mining sector—exemplified by Barrick Gold’s financing initiatives—and enhance foreign currency inflows.
Additionally, the Canadian dollar’s advance to approximately 70.49 US cents fortifies the competitiveness of imported goods and reinforces investor confidence in monetary stability.
The tech sector led the recovery, with Shopify surging over 6%, while financials and bullion-linked equities, including Brookfield, Agnico Eagle, Wheaton Precious, Barrick Gold, and Franco-Nevada, also contributed significantly by adding between 1.3% and 4%.
