Canadian equities climbed for the third straight session on Tuesday as weaker-than-expected domestic consumer inflation figures and growing hopes of easing trade tensions supported investor sentiment. The S&P/TSX Composite Index rose by 201 points, or 0.8%, to settle at 24,068 — extending its three-day gains to 4.6%.
Nearly all key market sectors continued to attract buying, with robust gains in healthcare, real estate, and technology stocks as investors positioned for a potentially more accommodative interest rate environment ahead of the Bank of Canada’s (BoC) upcoming rate decision.
Top TSX Composite movers and active stocks
Bausch Health Companies (TSX:BHC) inched up by over 5% to $6.32 per share, making it the top-performing TSX stock for the day. This rally in BHC stock came after the company announced the adoption of a shareholder rights plan to protect investor interests in the event of an unsolicited takeover attempt.
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