The TSX soared 575.45 points, or 1.6%, to finish Tuesday at 35,801.59.
September futures edged up 0.2% early Wednesday.
The Canadian dollar forged ahead 0.02 cents to 71.11 cents U.S.
U.S.-listed shares of miner Kinross Gold rose 3.4% in premarket trading.
On the earnings front, Thomson Reuters beat second-quarter profit and revenue estimates and raised its annual revenue growth forecast.
Suncor Energy beat second-quarter adjusted profit estimates, while insurance and wealth manager iA Financial topped quarterly core EPS estimates late on Tuesday.
The latest results add to a busy earnings season, with PHX Energy and Dexterra Group having also reported results after market close on Tuesday.
ON BAYSTREET
The TSX Venture Exchange revived 31.76 points, or 3.9%, to 898.89.
ON WALLSTREET
Futures tied to the S&P 500 and Dow Jones Industrial Average gained early Wednesday, looking to build on a huge rally from the prior session. Traders also pored through the latest corporate earnings reports from companies such as SpaceX and AMD.
Futures for the 30-stock index raced 215 points, or 0.4%, to 54,483.
Futures for the much-broader index chugged 31.25 points, or 0.4%, to 7,796.75.
Futures for the NASDAQ Composite took on 45.25 points, or 0.2%, to 29,908.75.
SpaceX shares plunged 11% after the rocket company released its first quarterly report since going public in June. Elon Musk’s space firm said its capital expenditures jumped sixfold to $18.4 billion in the second quarter.
This figure was ahead of analyst expectations, with the majority of the spending going towards AI.
Chip giant AMD also dropped 7% in premarket after posting adjusted earnings that only came slightly ahead of the Street’s estimates.
However, Dow member Disney rose more than 3% on better-than-expected earnings for its fiscal third quarter.
In Japan, the Nikkei 225 vaulted 3.7% Wednesday, while in Hong Kong, the Hang Seng inched higher 0.2%.
Oil prices gathered 36 cents to $76.13 U.S. a barrel.
Gold prices jumped $75.50 to $4,228.10 U.S an ounce.