The Globe and Mail reports in its Wednesday edition that Canada's main stock index rose to another record high on Tuesday as higher gold prices boosted metal mining shares. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 187.07 points at 32,407.02, surpassing Monday's record closing high despite potential turbulence from a possbile boost in Venezuelan oil exports that could hurt Canadian companies that sell a similar heavy oil following the U.S. capture of President Nicolás Maduro. The energy sector lost 0.7 per cent, adding to the previous day's decline. The price of oil settled 2 per cent lower at $57.13 (U.S.) a barrel. The materials group rose 3.1 per cent as geopolitical risks boosted safe-haven demand for gold. Gold was up 1.1 per cent, moving closer to a record high. Technology was another standout, rising 2.1 per cent, and consumer discretionary ended up 1.6 per cent. Wall Street also ended higher as chip stocks surged on renewed artificial-intelligence optimism. Moderna rallied and the Dow reached a record high. Moderna jumped almost 11 per cent after BofA Global Research raised its price target on the drugmaker, helping lift the S&P 500 health care index 1.96 per cent.
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