The Canadian stock market traded on a slightly positive note on Friday, as investors continued to cheer the Bank of Canada’s decision to keep interest rates steady in its first meeting of 2024. Despite a weakness in metals prices, the commodity-heavy S&P/TSX Composite Index rose 24 points to settle at 21,125.
On the one hand, some sectors like consumer noncyclical, mining, and utility witnessed weakness. On the other hand, solid gains in tech, real estate, and energy stocks led the TSX upward.
Top TSX Composite movers and active stocks
Mattr, Lundin Gold (TSX:LUG), Lightspeed Commerce, and Transcontinental were the top-performing TSX stocks in the last session, as they inched up by at least 3.2% each.
The recent rally in Lundin Gold stock started after Raymond James began its coverage of the stock by giving it an “outperform” rating and a target price of $17.50 per share last week. This target reflects about 6% upside…
