Despite massive intraday declines in metals prices, Canadian stocks continued to climb for the fourth consecutive session after the U.S. presidential election results clearly showed Donald Trump as the next president — boosting investors’ confidence in sectors expected to benefit from pro-business policies. While the Dow Jones reached a new record due to this development, the S&P/TSX Composite Index also saw strong gains, rallying 250 points, or 1%, to close at 24,637, the highest in two weeks.
Although weakness in some sectors like healthcare, utilities, and mining pressured the market benchmark, solid performance of technology, energy, and financial stocks pushed the TSX higher.
Top TSX Composite movers and active stocks
Shares of iA Financial (TSX:IAG) popped by more than 16% to $133.65 per share after announcing upbeat third-quarter earnings. In the quarter ended in September 2024, the…
