Canada’s main stock index, the S&P/TSX composite index, rose nearly 140 points Tuesday, led by a surge in technology stocks. The positive sentiment in the Canadian market echoed gains in U.S. stock markets, with the Nasdaq leading the rally. Market watchers anticipate strong earnings reports from tech giants like Meta, Microsoft, and Alphabet this week, contributing to the upbeat sentiment. The broader market’s performance was also influenced by a weaker-than-expected report on U.S. business activity, which raised hopes for potential interest rate cuts in the future. Investors remain data-dependent, eagerly awaiting the U.S. personal consumption expenditures (PCE) report later this week for further insights into inflation trends.