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The Toronto Stock Exchange's main index rose on Wednesday, tracking gains on Wall Street as technology stocks were boosted by strong earnings from Facebook and Amazon.


The company updated prices and added analyst comments.
The Toronto Stock Exchange's S&P/TSX composite index was up 0.5 percent shortly after the open. Technology stocks were up 1.5 percent, with BlackBerry Ltd up 3.5 percent. The Toronto Stock Exchange's S&P/TSX composite index opened higher on Thursday, lifted by technology stocks and as Wall Street rebounded on upbeat earnings. Technology stocks were up 1.5 percent, with BlackBerry Ltd up 3.5 percent.
At 9:45 a.m. ET (1445 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 83.99 points, or 0.4%, at 21,289.15. Healthcare and technology stocks rose about 2%.
"Technology stocks have been down massively and everyone's looking for a bit of a bounce," said Gregory Taylor, portfolio manager at Purpose Investments. "We're seeing Shopify and Lightspeed play along with the bounce in the Nasdaq."
Shopify, which has the largest market capitalization in the Toronto market, rose 4% after falling over 20% so far this month. Lightspeed Commerce Inc gained 3.8%, boosting technology stocks.
Health Technologies Corp rose 9%, leading gains in healthcare stocks, after the company provided preliminary results that beat expectations.
The energy sector dropped 0.6% as oil slipped on indications of rising U.S. stocks and as investors took profits after a recent price rally.
The benchmark equity index and global equities were pressured by elevated bond yields in recent days as investors bet that central banks will hike interest rates over the coming months to tamp down inflation.
On the economic front, Canada added 19,200 jobs in December, the fifth straight month of gains, led by hiring in the professional and business services and leisure and hospitality sectors, a report from payroll services provider ADP showed. (Reporting by Amal S in Bengaluru; Editing by Amy Caren Daniel)

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