Canadian stocks continued to rally for the sixth consecutive session on Thursday to post their longest winning streak in over a year as much stronger-than-expected U.S. retail sales data eased investors’ fears of a near-term recession. The S&P/TSX Composite Index advanced by 273 points, or 1.2%, for the day to settle at 23,033, closing above the key psychological level of 23,000 for the first time this month.
While all main sectors ended the session with notable advances, the TSX rally was mainly led by technology, healthcare, mining, and consumer cyclical stocks.
Top TSX Composite movers and active stocks
First Quantum Minerals, Celestica, Algoma Steel, Capstone Copper, and Ivanhoe Mines were the day’s top-performing TSX stocks, each surging by at least 5.5%.
On the flip side, shares of Wesdome Gold Mines (TSX:WDO) dived by 5% to $13.51 per share, making it the worst-performing TSX stock for the day. This weakness in WDO stock…
