The Canadian equities market inched up to its highest closing level in more than 20 months after the significantly better-than-expected growth in the U.S. gross domestic product data boosted investors’ confidence. Strong economic growth numbers and strengthening crude oil and precious metals prices lifted the S&P/TSX Composite Index to 21,102 — up 76 points, or 0.4%, from its previous closing.
Despite minor weakness in some real estate and technology stocks, a strong rally in other main sectors, including utilities, metal mining, and energy, drove the TSX benchmark higher.
Top TSX Composite movers and active stocks
Lundin Gold, MEG Energy, Ivanhoe Mines, and Algonquin Power & Utilities were the top-performing TSX stocks, climbing by at least 3.9% each.
Shares of Orla Mining (TSX:OLA) also jumped 3.8% to $4.66 per share after it announced successful results from its 2023 drilling program at the Camino Rojo Sulphides deposit in…
