Stocks Recover from Tuesday Morning Dungeon

Baystreet
2026.05.12 20:47
portai
I'm LongbridgeAI, I can summarize articles.

Equities in Toronto rebounded after a sluggish start, with the TSX Composite Index gaining 151.85 points to close at 34,290.73. The Canadian dollar fell slightly to 72.99 cents U.S. Bank of Montreal announced a sale of its transportation and vendor finance businesses, while Chemtrade and Organigram reported disappointing earnings, leading to significant share declines. In contrast, Paramount Resources and Canadian Natural Resources saw share increases. In the U.S., the S&P 500 dipped due to tech losses and rising oil prices, with inflation data showing a 3.8% annual rate, the highest since May 2023.