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BY: TSX Enjoys Steady Gain
 
Equities in Canada’s largest centre rose on Tuesday to an 11-day high as oil prices rallied and the heavyweight energy and financial groups gained ground.

The S&P/TSX Composite Index gained 42.03 points to kick off Tuesday at 15,548.25

The Canadian dollar recouped 0.07 cents at 74.79 cents U.S.

Industrial stocks led the charge Tuesday morning, as Bombardier strengthened two cents, or nearly 1%, to $2.11. Canadian National Railways gained $1.09, or 1.1%, to $98.25.

Russian diamond miner Alrosa’s CEO says his company is not interested in buying Dominion Diamond Corp.

Dominion shares dropped three cents to $17.27.

RBC cut the target price on Detour Gold to $20.00 from $23.00 with a sector perform rating. Detour shares fell 15 cents to $15.83.

Raymond James cut the target price on Heroux-Devtek to $13.00 from $14.50. Heroux shares took on three cents to $11.55.

Canaccord Genuity started coverage on NewCastle Gold with a speculative buy rating, and a $1.50 target price. NewCastle shares advanced two cents, or 2.9%, to 72 cents.

ON BAYSTREET

The TSX Venture Exchange added 3.48 points to close Tuesday at 807.62

All but two of the 12 TSX subgroups were positive with industrials growing 0.5%, while consumer discretionary and consumer staples each picking up 0.4%.

The two laggards were health-care and telecoms, each down 0.1%.

ON WALLSTREET

U.S. equities rose on Tuesday as investors digested strong consumer confidence data, while watching out for any new developments regarding the White House's agenda.

The Dow Jones Industrials regained 25.03 points to start the session at 20,576.01,

The 30-stock index was also trying to avoid its longest losing streak since 1978, having hit eight straight session on Monday.

The S&P 500 recovered 2.43 points to 2,344.02, with financials outperforming.

The NASDAQ Composite gathered 3.36 points to 5,843.73

Consumer confidence surged this month, hitting 125.6, up from 116.1 in February, the Consumer Board Consumer Confidence Index showed.

Other data released Tuesday included the S&P CoreLogic Case-Shiller home price index, which showed U.S. home prices rose 5.9% to a 31-month high in January.

Investors on Tuesday were also waiting for remarks from key Fed officials, including Vice Chairman Stanley Fischer, who will speak to the media early Tuesday afternoon.

Prices for the benchmark 10-year Treasury note was unchanged, keeping yields at Monday’s 2.38%.

Oil prices rebounded 37 cents to $48.10 U.S. a barrel

Gold prices added two dollars at $1,257.90 U.S. an ounce.
Source