TSX Today: What to Watch for in Stocks on Tuesday, December 24

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A better-than-expected domestic GDP (gross domestic product) growth data and largely firm commodity prices helped Canadian equities start the new week on a positive note, even as weak U.S. consumer confidence numbers kept investors cautious. The S&P/TSX Composite Index climbed by 150 points, or 0.6%, on Monday to settle at 24,749, extending its year-to-date gains to over 18%.

While some consumer cyclical and real estate stocks saw slight declines, strong intraday gains in sectors like healthcare, energy, and mining helped the TSX index extend its rally for a second day after six straight losing sessions.

Top TSX Composite movers and active stocks

Tilray, Birchcliff Energy, Paramount Resources, and Advantage Energy were the top-performing TSX stocks for the day, with each climbing by over 5%.

On the flip side, BRP, Superior Plus, and Crombie Real Estate Investment Trust fell by at least 2.6% each, making them the day’s bottom…

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