
Feb 24 (Reuters) - Canada's main stock index rose on Tuesday, as gains in industrial and technology stocks offset losses in gold miners and financials.
The S&P/TSX Composite Index .GSPTSE was up 0.1% at 33,814.85 points as of 10:28 a.m. ET.
Shares of Thomson Reuters TRI.TO, which owns Reuters news agency, climbed 10.7%, with broader industrials .GSPTTIN gaining 0.71%.
Anthropic unveiled new plug-ins for investment banking, HR and engineering tasks, which it said were developed alongside partners including Thomson Reuters.
Tech stocks .SPTTTK on the TSX also climbed 0.6%, mirroring gains in software stocks on Wall Street following Anthropic's announcement. The tech subindex had dropped more than 3% in the previous session.
"What is driving the volatility is investors trying to figure out the extent that the AI disruption theme can go, triggering rethinking in valuations," said Angelo Kourkafas, senior global investment strategist at Edward Jones.
"A lot of disruption talk is speculative. But some of these worries are probably not going to go away anytime soon."
The gold sector .SPTTGD dropped 0.5%, as the precious metal XAU= prices retreated after four straight sessions of gains as the U.S. dollar strengthened, with investors awaiting clarity on U.S. President Donald Trump's tariffs.
The broader materials sector .GSPTTMT, which includes metal miners, was up 0.4% as copper prices hit their highest in more than a week after traders in China returned from holidays.
Canada's largest banks are expected to report another quarter of strong earnings, with Bank of Nova Scotia BNS.TO kicking off the earnings before the bell this morning. Shares of the lender rose 0.1% after reporting higher quarterly profit.
Financials .SPTTFS, the heaviest-weighted sector on the benchmark, however, was down 0.5%.
Meanwhile, energy shares .SPTTEN dipped 0.1% even as oil prices neared seven-month highs, as traders assessed supply concerns with another round of U.S.-Iran nuclear talks scheduled for Thursday.
Loblaw L.TO fell 3.4%, retreating from the previous session's sharp gains on the announcement of a $1.75 billion investment. The consumer staples subindex .GSPTTCS was down 1.6%.