After moving to the downside early in the session, Canadian stocks showed a notable turnaround over the course of the trading day on Tuesday.
The S&P/TSX Composite Index climbed well off its early lows and firmly into positive territory before closing up 193.88 points or 0.6 percent to 33,970.38. The index more than offset the modest decrease seen during Monday's session, reaching a new record closing high.
Materials stocks turned in some of the market's best performances on the day despite a pullback by the price of gold, with the S&P/TSX Capped Materials Index surging by 2.1 percent.
Significant strength was also visible among healthcare stocks, as reflected by the 1.9 percent jump by the S&P/TSX Capped Health Care Index.
Industrial and consumer discretionary stocks also turned in strong performances, while consumer staples stocks showed a notable move to the downside.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.