Canada Stocks-TSX gains as technology shares climb; bank earnings, US tariffs in focus

• Meanwhile, energy shares .SPTTEN shed 1.4% and were among the biggest decliners as oil prices fell over 3% to a one-week low, as traders shrugged off the latest U.S. sanctions against Iran.O/R
• Five of the TSX's 10 major sectors traded lower.

Canada's main stock index edged higher on Tuesday, helped by technology stocks, while investors assessed strong quarterly bank earnings and ongoing trade tensions with the U.S.

The S&P/TSX Composite Index .GSPTSE rose 0.3% to 36,797.02 points by 10:10 a.m. ET.

• Technology shares .SPTTTK led gains on the main index, lifted by a 5.4% gain in Firan Tech Group FTG.TO.
• On Wall Street, tech stocks recovered from a selloff ahead of AI heavyweight Nvidia's NVDA.O results and an inflation report.
• The broader financial index .SPTTFS climbed 0.8%, as Bank of Nova Scotia BNS.TO gained 4.4% on a quarterly profit beat. Bank of Montreal BMO.TO also beat quarterly profit estimates, but its shares were little changed.
• The two banks are among Canada's Big Six lenders and control a large chunk of the market. Financial stocks have outperformed the TSX this year.

• President Donald Trump on Monday threatened to raise U.S. tariffs on all cars, trucks and automotive parts from Canada to 50% starting January 1, 2027 — escalating a trade fight after negotiations collapsed last week.