(MENAFN - Baystreet.ca) Equities in Canada's largest centre enjoyed triple-digit gains on Tuesday, as strength in the health-care sector overrode weakness in metals and mining.
The S&P/TSX Composite climbed 113.07 points to end Tuesday at 16,350.84
The Canadian dollar inched forward 0.06 cents to 75.60 cents U.S.
Health-care issues carried the market, primarily, Aphria, which leaped 51 cents, or 5.9%, to $9.17, and Cronos Group, bounding 99 cents, or 5.7%, to $18.47.
Among consumer discretionary stocks – another winning group – Linamar popped $1.59, or 4.2%, to $39.40, while The Stars Group hiked 64 cents, or 3.7%, to $17.80
The industrial sector was led by Brookfield Business Partners picked up $1.37, or 2.9%, to $48.03, as Waste Connections also drew strength, up $1.85, or 1.5%, to $123.21.
Gold found its prices duller, Centerra Gold down 47 cents, or 4%, to $11.44, while Kinross Gold lost 14 cents, or 2.1%, to $6.45.
Among materials, Endeavour Mining dipped 87 cents, or 3.3%, to $25.84, while First Majestic Silver dropped 53 cents, or 3.8%, to $13.60
The TSX Venture Exchange stumbled 7.29 points, or 1.2%, to 587.40
All but two of 12 Toronto subgroups remained positive by the closing bell, led by health-care, muscling up 2.2%, consumer discretionary stocks, better by 1.2%, and industrials, ahead 0.9%.
The two laggards were gold, down 1.6%, and materials, off 0.5%.
Stocks soared on Tuesday after the U.S. decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list, reigniting hopes Washington and Beijing could reach a long-term resolution.
The Dow Jones Industrials surged 351.86 points, or 1.4%, from the rubble of Monday's near-400-point-loss, to close at 26,259.23, off its highs of the day, but no less impressive.
The S&P 500 recouped 42.57 points, or 1.5%, to 2,926.32
The NASDAQ flew 152.95 points, or 2%, to 8,016.36, led by Apple which surged more than 4%.
The U.S. Trade Representative announced Tuesday certain products are being removed from the tariff list based on 'health, safety, national security and other factors' and will not face additional tariffs of 10%. The representative added the tariff should be delayed to Dec. 15 from Sep. 1 for certain articles.
Retailers cheered the potential delayed rise in costs for apparel and electronics. Best Buy soared 6%, while Nike jumped 2%.Nordstrom also both climbed 2%.
Economically speaking, the U.S. Labor Department's consumer price index report showed inflation came in as expected last month. The yield curve continued to narrow after the report.
Prices for the benchmark 10-year U.S. Treasury fell sharply, upping yields to 1.70% from Monday's 1.64%. Treasury prices and yields move in opposite directions
Oil prices collected $2.11 to $57.04 U.S. a barrel.
Gold prices lost $4.10 to $1,513.10 U.S. an ounce.