Shares of Royal Bank of Canada RY, +1.93% advanced 1.93% to C$136.84 Tuesday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +0.06% rising 0.06% to 21,236.52.
The stock’s rise snapped a two-day losing streak. Royal Bank of Canada hit a new 52-week high, surpassing its previous peak of C$135.34, which the company achieved on December 29th. Trading volume of 4.0 M shares eclipsed its 50-day average volume of 3.3 M.