TSX Closes At Fresh Record High

(RTTNews) - The Canadian market climbed to a fresh high on Tuesday, lifted by strong gains in healthcare and information technology stocks.

Real estate and financial shares were the other notable gainers. Stocks from the rest of the sectors turned in a mixed performance amid somewhat lackluster moves by investors.

Optimism about strong earnings from big-name Canadian companies, and upbeat earnings updates from top U.S. firms helped offset concerns about inflation and interest rate hikes.

The benchmark S&P/TSX Composite Index ended with a gain of 101.62 points or 0.48% at 21,086.99, almost near the day's high of 21,087.55.

The Capped Healthcare Index surged up 6.62%. Tilray Inc (TLRY.TO) soared nearly 16%. Cronos Group (CRON.TO), Canopy Growth Corp (WEED.TO), Aurora Cannabis (ACB.TO) and Organigram Holdings (OGI.TO) gained 7.3 to 8.5%, while Well Health Companies (WELL.TO) moved up 2.5%.

Among information technology stocks, BlackBerry (BB.TO) zoomed nearly 13.5%. Alithya Group (ALYA.TO) gained about 3.4%, while Tecsys Inc (TCS.TO), Lightspeed Pos (LSPD.TO), Kinaxis Inc (KXS.TO), Nuvei Corp (NVEI.TO), Shopify Inc (SHOP.TO) and CGI Group (GIB.A.TO) gained 1 to 2%.