After falling in the previous three sessions, the Canadian stock market bounced back on Thursday as an intraday rally in commodity prices and mixed U.S. personal consumption expenditure data kept optimism alive. The S&P/TSX Composite Index climbed by 120 points, or 0.6%, yesterday to settle at 21,364.
On the one hand, consumer and real estate stocks witnessed weakness. On the other hand, solid gains in other market sectors, including mining, healthcare, and energy, drove the TSX benchmark upward. With this, the index ended February 2024 with 1.6% gains.
In January 2024, personal income in the U.S. increased by 1.0%, with disposable personal income rising 0.3% and personal consumption expenditures up 0.2%, the Bureau of Economic Analysis said in its latest report.
Top TSX Composite movers and active stocks
Lithium Americas, OceanaGold, Osisko Gold Royalties, NovaGold Resources, and Canadian Natural Resources jumped by over 5% each,…
