Materials, Financials Stocks Lift Canadian Market; TSX Up Nearly 1%

Canadian equities traded up firmly Tuesday morning, led by strong gains in materials and financials stocks as investors adopted a risk-on stance. A pullback in crude oil from multi-year highs slightly eased inflation concerns, supporting the firmer market undertone.

Analysis

Canadian equities traded up firmly Tuesday morning, led by strong gains in materials and financials stocks as investors adopted a risk-on stance. A pullback in crude oil from multi-year highs slightly eased inflation concerns, supporting the firmer market undertone.