The rally in Canadian stocks picked up pace Thursday as investor sentiment improved following the release of encouraging U.S. retail sales and manufacturing data. The S&P/TSX Composite Index jumped by 234 points, or 0.9%, to settle at 27,387 — posting a fresh all-time high and delivering its best single-day performance in over two months.
Despite weakness in mining and energy stocks due to volatility in commodity prices, solid gains in other key sectors such as technology, financials, and consumer discretionary drove the TSX benchmark higher.
Top TSX Composite movers and active stocks
Shares of Energy Fuels (TSX:EFR) jumped by 11.4% to $12.57 apiece, making it the top-performing TSX stock for the day. The rally in EFR stock came after the critical mineral company revealed that it has begun pilot-scale production of heavy rare earth element (HREE) oxides, including dysprosium, at its White Mesa Mill in Utah.
Notably, Energy Fuels…
