The end-of-year rally indexes on both sides of the border showed no signs of losing steam Tuesday, with resource issues leading the way up in Toronto.

The TSX Composite rocketed 216.92 points, or 1.1%, to wind up Tuesday at 20,838.63.

The Canadian dollar spiked 0.35 cents at 74.98 cents U.S.

Resource stocks enjoyed most of the momentum, with Canfor sprinting $2.06, or 12.8%, to $18.19, and Interfor jumping $2.51, or 11.3%, to $24.80.
Among gold issues, Equinox Gold grabbed 39 cents, or 6.1%, to $6.76, while Torex Gold hiked 59 cents, or 4.2%, to $14.66.

In health-care, Tilray soared eight cents, or 3%, to $2.73, while Bausch Health Companies took on 24 cents, or 2.4%, to $10.12.

In tech stocks, Bitfarms took a pasting of 24 cents, or 6.1%, to $3.69, while Constellation Software lost $97.34, or 3%, to $3,160.52.

On the economic front, the Consumer Price Index rose 3.1% on a year-over-year basis in November, matching the 3.1% increase in October. On a seasonally adjusted monthly basis, the CPI rose 0.3% in November.

As well, Statistics Canada reported its industrial product price index fell 0.4% month over month in November and was 2.3% lower than in November 2022, while its raw materials price index decreased 4.2% on a monthly basis in November and fell 4.6% year over year.

ON BAYSTREET

The TSX Venture Exchange gained 0.97 points Tuesday to 534.52.

All but one of the 12 subgroups were higher on the day, with materials climbing 2.3%, gold ahead 1.9%, and health-care up 1.3%.

Information technology proved the lone dissenter, off 1%.

ON WALLSTREET

The S&P 500 rose Tuesday, approaching its record high, as the Federal Reserve’s recent dovish shift on rates lifted stocks.

The Dow Jones Industrials vaulted 251.90 points to conclude Tuesday at 37,557.92.

The S&P 500 climbed 27.81 points to 4,768.37. With Tuesday’s gain, the S&P 500 is about 0.7% from surpassing its record close and 1.2% from equaling its intraday record, both set in January of 2022.

The NASDAQ jumped 98.03 points to 15,003.22.

Walgreens Boots Alliance was the best performer in the Dow, with shares up by more than 3%. Meanwhile, solar stocks Enphase Energy and First Solar were the greatest advancers in the S&P 500, Enphase up by more than 6%, First Solar ahead 5%.

Energy stocks outperformed, with the S&P 500 sector up by more than 1% as oil prices rose. Occidental Petroleum shares gained more than 2%, while Halliburton and Exxon Mobil shares were each higher by more than 1%.

All three major averages on pace to finish December with gains. The S&P 500 is up more than 4% for the month and coming off its longest weekly winning streak since 2017. The Dow vaulted 4% and NASDAQ was up more than 5%.

Prices for the 10-year Treasury gained ground, lowering yields to 3.93% from Monday’s 3.94%. Treasury prices and yields move in opposite directions.

Oil prices hiked $1.11 to $73.58 U.S. a barrel.

Gold prices progressed $12.90 at $2,053.40.