Strong economic data and largely upbeat corporate results turned the Canadian equities market positive on Thursday after it witnessed minor losses in the previous two sessions. The S&P/TSX Composite Index rose 146 points, or 0.7%, yesterday to 21,318 — its highest closing level in more than one-and-a-half years.
While all main market sectors ended the session in the green, the TSX rally was primarily driven by strong gains in healthcare, consumer noncyclical, and industrial stocks.
Top TSX Composite movers and active stocks
Shares of CCL Industries (TSX:CCL.B) popped by 16.4% to $60.02 per share after announcing its fourth-quarter results. In the December 2023 quarter, the North York-based packaging solutions provider’s sales climbed by 4.7% year over year to $1.66 billion with the help of acquisition-related growth and foreign currency tailwinds.
CCL’s adjusted quarterly EBITDA (earnings before…
