Strengthening commodity prices helped Canadian stocks resume their upward trajectory on Thursday after a day of pause. Additionally, the Bank of Canada’s latest Financial Stability Report provided further grounds for optimism, highlighting a significant reduction in inflation and a lower risk of a major recession among advanced economies. As a result, the S&P/TSX Composite Index not only touched a fresh intraday record high of 22,427 during the session but also settled at a record closing high of 22,376.
Besides solid intraday advances in most commodity-linked stocks, healthy gains in other key market sectors like financials and utilities also guided the TSX benchmark to record levels.
Top TSX Composite movers and active stocks
Shares of Wesdome Gold Mines (TSX:WDO) jumped over 11% to $11.18 per share, making it the top-performing TSX stock for the day. This rally in WDO stock came a day after the Toronto-headquartered gold miner…
