TSX Gains 0.57% as Materials Stocks Surge; Celestica Jumps 13% on Strong Earnings

Canada's benchmark S&P/TSX Composite Index rose 200.20 points, or 0.57%, to 36,144.36 on Tuesday, rebounding from early weakness as materials stocks led gains. The Materials Capped Index climbed nearly 2.5%, tracking precious metals strength. Perpetua Resources, Lithium Americas, Capstone Copper, Eldorado, Vizsla Silver and First Quantum Minerals rose 4.8% to 9%. Financials added 1% to 2%, with Bank of Montreal, CIBC and Manulife among gainers. Celestica surged nearly 13% after reporting third-quarter revenue of $5.83 billion and adjusted EPS of $3.30, up 83% and 109% year-over-year, respectively. Ballard Power Systems rose 7.5%. Energy stocks fell as oil prices declined, though the drop eased inflation concerns. Investors awaited monetary policy announcements from the Bank of Canada and the Federal Reserve. Thomson Reuters, Suncor Energy, Imperial Oil and Canadian Natural Resources were among decliners.