The good vibes emanating from south of the border reverberated on Canadian markets Tuesday, with markets launching upward.
The TSX Composite gathered 114.4 points to end Tuesday at 19,660.31.
The Canadian dollar gained 0.33 cents to 74.45 cents U.S.
Gold occupied the top spot on the podium Tuesday, as Equinox strutted 49 cents, or 12%, to $4.59, while Osisko Gold Royalties hiked $1.22, or 8%, to $16.42.
Among materials, Capstone Mining captured 35 cents, or 9.4%, to $4.07, while K92 Mining advanced 51 cents, or 7.6%, to $7.25.
Meanwhile, shares of TransAlta jumped 89 cents, or 7.6% to $12.67, after the company reported better-than-expected third-quarter results and increased its full-year forecast. Innergex Renewables acquired 69 cents, or 4.6%, to $15.61.
Energy sputtered, though, with Parex Resources down 99 cents, or 4.8%, to $19.59, while Tourmaline lost $3.46, or 4.2%, to $78.81.
Health-care tailed off, with Bausch Health Companies falling 46 cents, or 4.6%, to $9.54, while Canopy Growth shed eight cents, or 1.8%, to $4.28.
In consumer discretionary stocks, Linamar lost $1.19, or 2%, to $58.07, while Gildan Activewear subsided 74 cents, or 1.9%, to $37.64.
ON BAYSTREET
The TSX Venture Exchange strode forward 8.85 points, or 1.5%, to 602.38
Eight of the 12 TSX subgroups were higher, led by gold, surging 6%, materials, ahead 4.8%, while utilities were better by 1.5%.
The four laggards were anchored most by energy and health-care, each leaning downward 0.7%, while consumer discretionary stocks were down 0.5%.
ON WALLSTREET
Stocks rose Tuesday as investors awaited the results of the U.S. mid-term elections, which could affect future levels of government spending and regulation.
The Dow Jones Industrials soared 333.83 points higher, or 1%, to conclude Tuesday at 33,160.83, for its third straight gain.
The S&P 500 took on 21.31 points to 3,828.11
The NASDAQ beat breakeven by 51.68 points to 10,616.20.
Market participants are expecting Republicans to take back the House of Representatives and possibly win the Senate as well when results start rolling in Tuesday night.
Investors tend to like the notion of gridlock in Washington with a divided Congress and President because it will limit government spending, new taxes and regulations.
SolarEdge Technologies was the leading outperformer in the broader market index, up 19% after reporting record revenue in its most recent quarter.
Elsewhere, shares of Kohl’s jumped 7% after the department store chain announced the departure of its CEO next month.
Meanwhile, shares of Lyft dropped nearly 23% on disappointing quarterly results. Take-Two Interactive fell back 13.7% and TripAdvisor slumped 17.3%, after reporting earnings.
Prices for the 10-year Treasury climbed, lowering yields to 4.14% from Monday’s 4.22%. Treasury prices and yields move in opposite directions.
Oil prices stumbled $2.62 to $89.17 U.S. a barrel.
Gold prices gained $34.80 to $1,715.30 U.S. an ounce.