Canadian stocks traded on a positive note for the seventh consecutive session on Friday, marking their longest winning streak since April 2023, as the latest signs of easing inflationary pressures in the United States kept investors’ optimism alive. The S&P/TSX Composite Index rose by 22 points for the day to settle at 23,055, its second-highest closing level in history.
Even as some industrial and energy stocks witnessed weakness, solid gains in other key sectors, such as mining, financials, and consumer cyclicals, drove the TSX benchmark upward.
Top TSX Composite movers and active stocks
Rallying gold and silver prices drove mining stocks like New Gold, K92 Mining, Ivanhoe Mines, Seabridge Gold, and OceanaGold up by at least 4.4% each, making them the day’s top-performing TSX stocks.
In contrast, CAE (TSX:CAE) was the worst-performing TSX stock for the day, slipping by 3.4% to $23.83 per share. This weakness came after Morgan…
