Strengthening commodity prices and mostly better-than-expected corporate earnings helped Canadian stocks inch up for a second consecutive session on Friday. The S&P/TSX Composite Index climbed by 86 points, or 0.4%, during the session to settle at 22,311, helping the index end the week in positive territory.
Despite weakness in some sectors, such as healthcare and utilities, healthy gains in mining, financial, and tech stocks drove the market benchmark higher.
Top TSX Composite movers and active stocks
Shares of IAMGOLD (TSX:IMG) popped by 15.4% to $5.86 per share, making it the top-performing TSX stock for the day. This rally in IMG stock came after the Toronto-based gold producer announced its significantly better-than-expected second-quarter financial results.
In the quarter ended in June, IAMGOLD’s revenue rose 61.4% year over year to US$385.3 million, with attributable gold production rising to 166,000 ounces. The miner…
