The S&P/TSX composite index gained 53.17 points to end Tuesday at 14,733.93
The Canadian dollar dropped
A prominent decliner was Hudson's Bay Company, even as the retailer moved from a year-ago loss to a profit.
HBC posted first-quarter net earnings from continuing operations of
Same-store sales, which are stores that have been open for at least a year, were up 2.8% year-over-year, and its shares retained almost all of Monday's 1.5% advance, losing only
The energy sector gained momentum, as
The base metals component declined, while July copper declined
In the gold sector, Barrick Gold tacked on a dime to
In other corporate developments, Element Financial Corp. will pay
Nine of the 14 Toronto subgroups were up, led by industrials, ahead 0.9%, energy, jumping 0.7%, and telecoms, springing up 0.6%.
The four laggards were weighed mostly by health-care, off 0.8%, utilities, sliding 0.7%, and global base metals, off 0.2%. Information technology stocks were flat by day's end.
All three major U.S. stock indices fell in early trading despite better-than-anticipated data on U.S. factory orders.
The Dow Jones Industrial Average was down 21.29 points to close Tuesday at 16,722.34
The S&P 500 dropped 0.73 points to 1,924.24, and the NASDAQ composite index dipped 3.12 points to 4,234.08
All the major carmakers are reporting increased auto sales. Even GM, despite its recall troubles, said it sold 13% more cars last month than it did the same time last year, its strongest monthly report since 2008.
Investors are watching economic indicators for any unexpectedly sharp changes that could cause the U.S. Federal Reserve to alter interest rates or the pace of unwinding its bond-buying program.
In company news, Hillshire Brands shares were up about 9% on news that the food company's board of directors authorized takeover discussions with competing suitors Pilgrim's Pride and Tyson Foods.
Pilgrim's originally offered
Krispy Kreme shares dropped after reporting earnings that were in line with expectations but sales that were much lower than
Quiksilver shares fell as much as 45% this morning after a disastrous quarterly earnings report that showed the surf and beach apparel company losing much more money than analysts anticipated. The company has shed three fifths of its market valuation this year.
Dollar General shares were up more than 4% though the retailer reported an unexpectedly modest quarterly gain in sales and profit that failed to meet expectations. Financial firm
Shares in Google were weak, down more than 1.5%, after the
Apple is having a better day at its
Economically speaking, the
This comes after yesterday's twice-revised manufacturing index numbers that also showed expanded industrial activity in April.
Prices for 10-year U.S. Treasuries dipped again, raising yields to 2.59% from Monday's 2.53%. Treasury prices and yields move in opposite directions
Oil prices gained
Gold prices gained
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