Canadian stocks started the new month on a strong note as U.S. president Donald Trump’s plans to raise tariffs on steel and aluminum imports from 25% to 50% led a rally in domestic metals and mining stocks, pushing the index to fresh all-time highs. The S&P/TSX Composite Index climbed by 214 points, or 0.8%, on Monday to settle at 26,389.
Despite weakness in healthcare and industrial stocks, solid gains in mining, energy, and consumer sectors helped lift the broader index into record territory. With Monday’s advance, the TSX benchmark has now logged gains in 16 of the last 19 sessions, reflecting sustained market momentum.
Top TSX Composite movers and active stocks
Fortuna Mining, First Majestic Silver, Endeavour Silver, IAMGOLD, and Pan American Silver were the top-performing TSX stocks for the day, with each jumping by more than 7%.
Shares of Cenovus Energy (TSX:CVE) also rose after the company confirmed no damage to its…
