TSX Nears One-Year High as Yields Retreat
The S&P/TSX Composite Index rose 0.4% to close at 35,649 on Tuesday, nearing a one-year high as the recent global bond sell-off eased. Yields retreated from multi-year highs, offering some respite to credit-sensitive markets. RBC gained 0.6%, TD Bank added 0.5%, BMO rose 0.7% and CIBC advanced 0.9%. Utilities also gain