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CANADA STOCKS-TSX rises to six-week high on Mideast optimism
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CANADA STOCKS-TSX rises to six-week high on Mideast optimism
Apr 14, 2026 2:00 PM

(Updates at market close)

* TSX ends up 0.7% at 34,102.36

* Posts highest closing level since March 2

* Tech adds 2.8% with Keel Infrastructure up 21.4%

* Materials group gains 1.2% as gold rises

By Fergal Smith

TORONTO, April 14 (Reuters) - Canada's main stock index

rose on Tuesday, led by technology and metal mining shares, as a

drop in oil prices helped investors look past recent

geopolitical uncertainty.

The Toronto Stock Exchange's S&P/TSX Composite Index

ended up 223.12 points, or 0.7%, at 34,102.36, marking

the highest closing level since March 2, when the index posted a

record high.

"This is the definition of 'climbing the wall of worry,'"

said Greg Taylor, chief investment officer at PenderFund Capital

Management, referring to the ability of stocks to rise despite

challenges to the outlook.

"There's so much fear out there, and it seems like the

market is shrugging it off. We had a big reversal in oil prices,

and that's gotten a lot of people coming back to risk assets,"

Taylor said.

The price of oil settled 7.9% lower at $91.28 a barrel on

hopes that Iran will resume talks with the United States to end

the conflict, which has shut the Strait of Hormuz.

Talks to end the Iran war could resume in Pakistan over the next

two days, U.S. President Donald Trump said.

In Canada, Prime Minister Mark Carney announced a temporary

suspension of a fuel tax one day after his Liberal Party swept

three special elections to secure a parliamentary majority.

"We've got some negativity on the energy stocks but that's

being offset by some strength in these other sectors," Taylor

said.

Technology added 2.8%, with shares of data center

company Keel Infrastructure Corp up 21.4%.

The materials group, which includes metal mining

shares, ended 1.2% higher. It was helped by a 2.2% advance in

the price of gold as reduced safe-haven demand and

encouraging U.S. producer price data weighed on the U.S. dollar.

Heavily weighted financials gained 1.2% as

investors assessed U.S. bank earnings.

Shares of MDA Space ( MDA ) rose 7.1% to the highest level

since August 2025 after Amazon.com ( AMZN ) said it will acquire

Globalstar ( GSAT ). MDA is the primary contractor for

Globalstar's ( GSAT ) next-generation constellation.

Energy was the biggest decliner, falling 2.4%.

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