The Canadian stock market climbed for the ninth consecutive session on Friday as gold prices strengthened further, while investors welcomed the new U.S. administration’s push for more interest rate cuts. The S&P/TSX Composite Index rose by 34 points to settle at 25,468, posting its longest winning streak since October 2021.
Although some sectors like energy and industrials traded on a weak note, solid gains in mining, consumer cyclical, and technology stocks guided the TSX to its highest level in over a month.
Top TSX Composite movers and active stocks
Bird Construction, Torex Gold Resources, IAMGOLD, and Equinox Gold were the top-performing TSX stocks for the day, with each climbing by at least 3.4%.
With its 2.7% rise, B2Gold (TSX:BTO) was also among the top gainers on the Toronto Stock Exchange. This rally in BTO stock came a day after the Vancouver-based gold miner priced its upsized offering of…
