$GSPTSE

S&P/TSX Composite Index up Nearly 107 Points Mid-Morning Tuesday

The S&P/TSX Composite Index, is up near 107 points mid-morning Tuesday with most sectors higher.Utilities and telecommunications are the best performers, gaining 1.1% each, followed by the industrials sector, up 0.8%.Limiting gains is information technology, down 0.8%.The S&P/TSX Battery Metals Index, which includes issues listed both on the TSX and TSX Venture Exchange, was 4.1%, on last look.In stocks, Pet Valu (PET.TO), jumped nearly 10.4% to C$20.75, after it reported a second-quarter adjusted earnings beat earlier Tuesday.Cannabis company Aurora Cannabis (ACB.TO) surged 20.4% to C$4.83 after Curaleaf (CURA.TO) announced its plans to acquire the company for $4.00 per share.

Bank of Canada's New MPR Sees GDP Growth at 1.8% in 2027, 2028

TSX up 117 Points at Midday, Boosted by Commodities, Utilities

The Toronto Stock Exchange is up 117 points at midday, led by strong gains in commodities and utilities.The energy sector is up 1.6% as oil prices bounce back from Wednesday's plunge. The United States is still waiting on Iran's response to its latest peace proposal, though Reuters reports that Iran will not agree to U.S. demands to end its nuclear program.Crude oil is up US$2.90 to US$101.16 on last look.Utilities is up 1.2%, while the mining sector is up 1%.Healthcare and info tech are the sole decliners, shedding 0.6% and 0.3%, respectively.In stocks, Lightspeed Commerce (LSPD.TO) is 8.8% lower after it reported lower fourth-quarter adjusted earnings, even though revenue advanced 15%.

Brief: Bank of Canada's April MPR Says Outlook Depends on Outcome of CUSMA Trade Negotiations With U.S., Duration and Severity of Iran War