Toronto stocks climbed Tuesday, lifted by strength in telecoms and technology issues.
The S&P/TSX composite index rose 43.76 points, or 0.3%, to close at 14,382.01. The benchmark index lost 158 points on Monday.
Nine of the 10 TSX main groups advanced. The health sector slipped 0.7%.
The telecom sector leaped 1.6% as all five listed firms in the group gained, pushing the sector to a record high.
Rogers Communications jummped $1.59, or 3.2%, to $50.99 as ratings agency BMO raised its share-price target for the “outperforming” company.
BCE shares rose 37¢, or 0.9%, to $41.07 after news that Toronto-Dominion Bank will put up $3.8 billion to help finance the blockbuster acquisition of Canada’s biggest telecoms company.
TD was up 28¢, or 0.4%, at $72.95, while the heavyweight financial sector gained 0.4%.
The TSX information technology group also hit a record high, up 1.6%.
Research In Motion shares jumped$4.19, or 1.8%, at $240.29 ahead of the Blackberry maker’s annual meeting.
Easing commodity prices muted gains in the energy and materials sectors, which ended only slightly higher on Tuesday.
Uranium producers slipped, with Cameco down $1.76, or 3.5%, at $48.68.
The junior S&P/TSX Venture composite index fell 25.15 points, or 0.76%, to 3,279.30.
In New York, U.S. blue-chip stocks ended higher on Tuesday after stronger-than-expected profits and more merger news.
The Dow average crossed the 14,000 level for the first time during the session, but closed below that mark. The blue-chip average ended up 20.57 points, or 0.15%, at 13,971.55, a new record.
The tech-heavy Nasdaq Composite (COMP – News) gained 14.96 points, or 0.55%, to finish at 2,712.29.
Meanwhile, the S&P 500 fell 0.15 points, or 0.01%, to 1,549.37.