Largely stronger-than-expected corporate earnings and hopes of easing trade tensions helped Canadian equities rise for the third consecutive session on Thursday. The S&P/TSX Composite Index jumped by 255 points, or 1%, to settle at 24,728 — marking its eighth winning day out of the previous nine.
While all key market sectors ended the session in the green, with optimism building across the board, the TSX rally was mainly driven by solid gains in healthcare, technology, and mining stocks.
Top TSX Composite movers and active stocks
Cargojet (TSX:CJT) rallied by over 15% to $87.51 per share, making it the top-performing TSX stock for the day. These strong gains in CJT stock came a day after the Mississauga-headquartered air cargo firm posted record first-quarter revenue of $249.9 million, up more than 8% year over year, and a 48% surge in net profit to $48 million.
Investors seemingly cheered Cargojet’s strong domestic and…
