Canadian stocks climbed to new highs for a second straight session on Tuesday as significantly stronger-than-expected U.S. consumer confidence, and Trump’s tariff delay on Europe boosted investors’ confidence. The S&P/TSX Composite Index jumped by 196 points, or 0.8%, to settle at 26,269 — marking a fresh all-time high for the market benchmark.
Despite weakness in commodity prices, nearly all major sectors finished the day in the green, with technology, real estate, and healthcare stocks leading the TSX rally.
Top TSX Composite movers and active stocks
InterRent REIT (TSX:IIP.UN) surged by nearly 15% to $13.59 per unit, making it the top-performing TSX stock for the day. These gains came after the real estate investment trust (REIT) announced its acquisition by CLV Group and GIC in a $4 billion all-cash deal, offering unitholders $13.55 per unit — reflecting a 35% premium to its pre-rumour price.
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