Canadian stocks continued to rise for the fourth consecutive session on Friday as expectations of further U.S. interest rate cuts and better-than-expected economic growth numbers from China boosted investors’ confidence. The S&P/TSX Composite Index climbed by 222 points, or 0.9%, to settle at 25,068 — marking its best single-day performance this year.
While all key market sectors, except healthcare, ended the session in green territory, the market rally was mainly led by a solid surge in energy, utility, mining, and industrial stocks.
Top TSX Composite movers and active stocks
First Majestic Silver, Richelieu Hardware, Cameco, and TransAlta were the top-performing TSX stocks for the day, as they jumped by at least 4.8% each.
Shares of Toronto-Dominion Bank (TSX:TD) also inched up by 4.4% to $83.13 per share, making them among the top gainers on the Toronto Stock Exchange. This rally in TD stock came after the Canadian lending…
