The financial sector once again helped provide gains for Canada’s main stock index, giving the TSX a 150-plus jump on Tuesday. The energy sector was not far behind in gains, though telecom and utilities finished in the red. Statistics Canada said the inflation rate rose 5.2 per cent year over year in February, the largest deceleration since April 2020.

US indexes also moved higher from the previous session’s rally. Following Treasury Secretary Janet Yellen’s latest reassurances to contain the banking crisis, traders continued to become optimistic.

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S&P 5004,004.12+52.55S&P 500

The Canadian dollar traded for 72.89 cents US, compared to 73.16 cents US on Monday.

US crude futures traded $1.86 higher at $69.50 a barrel, and the Brent contract gained $1.41 to $75.20 a barrel.

The price of gold was down 38.46 to US$1,937.99.

In world markets, the Nikkei remained at 26,945.67, the Hang Seng was up 258.05 points to 19,258.76, the FTSE was up 132.37 points to 7,536.22, and the DAX was up 261.96 points to 15,195.34.

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