TORONTO –
Gains in the energy and financial sectors helped Canada’s main stock index gain more than 100 points, while U.S. stock markets were more subdued but ended the day in the green.
The S&P/TSX composite index was up 106.13 points at 19,306.89.
In New York, the Dow Jones industrial average was up 92.20 points at 32,849.74. The S&P 500 index was up 3.96 points at 3,821.62, while the Nasdaq composite was up 1.08 points at 10,547.11.
The U.S. dollar weakened Tuesday as a result of Japan’s surprise change to its yield curve policy, putting upward pressure on gold, said Philip Petursson, chief investment strategist at IG Wealth Management.
That’s helping boost the TSX, he said, alongside a small rally in the financial sector as the yield curve spread is narrowing.
The TSX’s energy index was up 1.22 per cent, while financials were up 0.72 per cent.
The Canadian dollar traded for 73.42 cents…
