Despite facing pressure from weakening metals prices and dismal bank earnings, Canadian stocks traded on a positive note on Thursday as speculation about the Fed’s next policy move lifted investor sentiment. The S&P/TSX Composite Index climbed by 39 points, or 0.2%, to settle at 25,680, posting a fresh all-time high.
While some key market sectors like mining and real estate witnessed losses, solid intraday gains in consumer staples, utility, and energy stocks helped propel the index to a record close.
Top TSX Composite movers and active stocks
Shares of Gibson Energy climbed by 6.5% to $25.59 per share, making it the top-performing TSX stock for the day. This rally in GEI stock came after the energy sector-focused liquids infrastructure firm announced a long-term contract extension at its Gateway Terminal, increasing fixed revenue from a key customer by 40% and securing additional loading capacity.
TransAlta, Capital Power, and…
