Surging commodity prices and optimism surrounding the Federal Reserve Chair Jerome Powell’s recent comments about the timing of potential rate cuts helped Canadian equities start the new week on a positive note. The S&P/TSX Composite Index advanced by 63 points, or 0.3%, yesterday to settle at 23,349.
With this, the market benchmark not only posted a record intraday high of 23,414 but also closed at a fresh all-time high. Even though tech stocks fell, largely in anticipation of Nvidia’s second-quarter earnings report, robust gains in other key sectors, such as energy, consumer cyclicals, and real estate, drove the TSX index higher.
Top TSX Composite movers and active stocks
CES Energy, Spin Master, MDA Space, and H&R REIT were the top-performing TSX stocks yesterday, with each climbing by at least 2.7%.
Shares of Lundin Mining (TSX:LUN) were also among the top gainers on the Toronto Stock Exchange as they inched up by 2.3% to…
