Canadian stocks started the new week on a strong note as firm commodity prices and hopes of a steep interest rate cut in the United States lifted investors’ confidence. The S&P/TSX Composite Index rose by 133 points, or 0.6%, for the day to settle at 23,702 — extending its gains for the fourth consecutive session and achieving a new record high for the third straight day.
Momentum in the healthcare and energy sectors led the market rally, with oil prices surging to their highest level in over a week. Similarly, most consumer cyclical and technology stocks saw strong gains, reflecting growing confidence that the American central bank might ease monetary policy.
Top TSX Composite movers and active stocks
Bausch Health Companies and B2Gold were the top-performing TSX stocks yesterday, with each climbing by more than 5%.
Air Canada (TSX:AC) was also among the top performers on the Toronto Stock Exchange as its share price jumped by…
