Despite weakness in commodity prices, Canadian stocks traded positively for the fourth consecutive session on Friday as strong corporate earnings and better-than-expected U.S. non-farm payrolls data lifted investors’ confidence. The S&P/TSX Composite Index ticked up by 12 points to settle at a record high of 25,692.
Although most key market sectors, including energy, mining, and real estate, ended the session in the red, solid gains in technology stocks helped offset broader sector weaknesses, providing enough support to push the TSX index to a record close.
Top TSX Composite movers and active stocks
Shares of BRP (TSX:DOO) jumped by nearly 7% to $72.75 per share, making it the top-performing TSX stock for the day. This rally in DOO stock came after the Valcourt-based powersports products maker announced its much stronger-than-expected quarterly financial results.
In the quarter ended in October 2024,…
