(Updates prices and details throughout)
April 14 (Reuters) - Canada's main stock index rose on
Tuesday, with mining and tech shares leading gains, as the
potential resumption of U.S.-Iran talks rekindled hopes for
peace in the Middle East, easing investor worries while
pressuring the dollar and lifting gold prices.
At 10:43 a.m. ET, the Toronto Stock Exchange's S&P/TSX
Composite Index was up 0.3% at 33,982.05 points.
Negotiating teams from the U.S. and Iran could return to
Islamabad this week to resume talks to end the war, sources told
Reuters on Tuesday, after the collapse of weekend negotiations
prompted Washington to blockade Iranian ports.
Spot gold and silver rose 1.2% and 4.4%,
respectively, against a weaker dollar, helping the materials
subindex, which also houses metal miners, advance
0.8%.
Americas Gold and Silver Corporation ( USAS ) and Aya Gold &
Silver ( AYASF ) were among the top gainers on the index, rising
6.9% and 5.6%, respectively.
A weaker U.S. dollar makes greenback-priced bullion more
affordable for holders of other currencies.
Technology shares rose 2.5% and heavily weighted
financials advanced 0.5%, mirroring trends in Wall
Street's main indexes, even as traders assessed mixed results
from big banks JPMorgan ( JPM ), Citigroup ( C ) and Wells Fargo ( WFC )
.
Eight of the 10 sectors on the TSX were in the green.
The energy subindex fell 2.1%, however, as oil prices
slid on easing supply fears, pushing U.S. West Texas
Intermediate crude down 3% to $96 a barrel.
On the political front, Canadian Prime Minister Mark Carney
secured a parliamentary majority for his Liberal government on
Monday, a win that he has said will help him deal more
effectively with the trade war started by U.S. President Donald
Trump.
Among individual movers, defense contractor MDA Space ( MDA )
rose 8.2% to its highest level since August 2025.