Canadian equities extended their gains for a second day on Thursday after the Bank of Canada Governor Tiff Macklem’s optimistic comments that “we are getting closer” to interest rate cuts boosted investors’ confidence. As investors also continued to watch corporate earnings, the S&P/TSX Composite Index climbed up by 95 points, or 0.4%, yesterday to settle at 21,823.
Despite continued weakness in the healthcare stocks due mainly to Bausch Health’s downbeat first-quarter financial results, solid intraday gains in other key market sectors, including industrials, known consumer cyclicals, and utilities, lifted the TSX benchmark.
Top TSX Composite movers and active stocks
Thomson Reuters (TSX:TRI) surged by about 7% to $222.72 per share, making it the top-performing TSX stock for the day. This rally in TRI stock came after the Toronto-based information services giant announced its significantly better-than-expected quarterly…
