CANADA STOCKS — Canada stocks rise as energy stocks gain
(Updates to close) Oct 13 (Reuters) — Canada's main stock index rose on Tuesday, lifted by energy shares, while a global semiconductor selloff amid renewed AI concerns drove investors into government bonds, helping stabilize yields. The S&P/TSX Composite Index closed up 0.90%, at 35,983.98. Energy shares led gains despite lower oil prices Natural gas solution firm Enerflex jumped 14% after securing a major data-centre power project that lifted its behind-the-meter generation backlog above 1.75 GW through 2028 Materials fell 1.84% as silver dropped more than 1%, while gold was little changed GOL/ Canada's 10-year government bond yield slipped to 3.871%, while the comparable US 10-year yield slipped to 5.2126% "There's perhaps a sense in the markets that bond yields have peaked short term and that seems to be driving the market more than anything else," said Matt Skipp, president at SW8 Asset Management TSX's financial stocks added 1.4% after major US banks reported results. Investors have been grappling with inflation concerns lately tied to higher energy prices and rising government debt Global semiconductor shares were pressured by reports that Chinese memory-chip maker CXMT has m
(Updates to close) Oct 13 (Reuters) — Canada's main stock index rose on Tuesday, lifted by energy shares, while a global semiconductor selloff amid renewed AI concerns drove investors into government bonds, helping stabilize yields. 98. 4% after major US banks reported results. com)