April 14 (Reuters) - Canada's main stock index rose on Tuesday, with mining and tech shares leading gains, as the potential resumption of U.S.-Iran talks rekindled hopes for peace in the Middle East, easing investor worries while pressuring the dollar and lifting gold prices.
At 10:43 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite Index (.GSPTSE),was up 0.3% at 33,982.05 points.
Negotiating teams from the U.S. and Iran could return to Islamabad this week to resume talks to end the war, sources told Reuters on Tuesday, after the collapse of weekend negotiations prompted Washington to blockade Iranian ports.
Spot gold and silver rose 1.2% and 4.4%, respectively, against a weaker dollar, helping the materials subindex (.GSPTTMT), which also houses metal miners, advance 0.8%.
Americas Gold and Silver Corporation (USA.TO),and Aya Gold & Silver (AYA.TO),were among the top gainers on the index, rising 6.9% and 5.6%, respectively.
A weaker U.S. dollar makes greenback‑priced bullion more affordable for holders of other currencies.
Technology shares (.SPTTTK),rose 2.5% and heavily weighted financials (.SPTTFS),advanced 0.5%, mirroring trends in Wall Street's main indexes, even as traders assessed mixed results from big banks JPMorgan (JPM.N), Citigroup (C.N),and Wells Fargo (WFC.N).
Eight of the 10 sectors on the TSX were in the green.
The energy subindex (.SPTTEN),fell 2.1%, however, as oil prices slid on easing supply fears, pushing U.S. West Texas Intermediate crude down 3% to $96 a barrel.
On the political front, Canadian Prime Minister Mark Carney secured a parliamentary majority for his Liberal government on Monday, a win that he has said will help him deal more effectively with the trade war started by U.S. President Donald Trump.
Among individual movers, defense contractor MDA Space (MDA.TO),rose 8.2% to its highest level since August 2025.
Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Jonathan Ananda
