The Canadian stock market continued to climb for the third consecutive session as investors’ high hopes for upcoming corporate earnings and the Bank of Canada’s interest rate decision fueled optimism, pushing the TSX to yet another record high. The S&P/TSX Composite Index advanced by 132 points, or 0.5%, on Friday to settle at 24,823.
Although some sectors like healthcare and real estate showed minor weaknesses, the market benchmark primarily inched up due to solid gains in mining and technology stocks. With this, the TSX Composite has rallied for six consecutive weeks to trade with a strong 18.3% year-to-date gain.
Top TSX Composite movers and active stocks
Strong gains in metals prices across the board drove mining stocks IAMGOLD, First Majestic Silver, Pan American Silver, and Fortuna Mining up each by over 10%, making them the top-performing TSX stocks for the day.
Despite a rally in most shares of
