Rising metals and crude oil prices propelled the Canadian stock market to its third straight day of gains, even as speculation continued about the U.S. Federal Reserve’s future monetary policy actions. The S&P/TSX Composite Index inched up by 139 points, or 0.6%, on Wednesday to settle at 21,970 — gradually approaching its all-time closing high level of 22087.
Despite weakness in some real estate and utility stocks, all other main TSX sectors, including mining, consumer cyclicals, and energy, added strong gains.
Top TSX Composite movers and active stocks
An intraday rally in gold, silver, and copper prices drove First Quantum Minerals, Lundin Mining, Teck Resources, and Capstone Copper up by at least 7.9% each, making them the day’s top-performing TSX stocks.
In contrast, shares of Wesdome Gold Mines (TSX:WDO) dived by 4.7% to $9.31 per share a day after its quarterly financial results were released. Higher gold production in…
