TSX hits three-week high on mining and tech gains

Canada's main stock index rose to a nearly three-week high as investors grew optimistic about a potential Middle East resolution. Technology and metal mining shares led the broader market rally while energy and financial sectors declined.

Xurve View
Insights:
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

Canada's main stock index rose 326.21 points, or 0.9%, to a nearly three-week high of 36,335.61 during Tuesday afternoon trading. The advance marked the S&P/TSX Composite Index's highest closing level since September 4, driven by gains in technology and metal mining shares. Investors grew optimistic about potential resolutions to the conflict in the Middle East.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.