Canadian stocks continued to move higher midweek, as Trump voiced optimism about a possible China trade deal that could ease tariffs, fueling a global market rally. The S&P/TSX Composite Index climbed by 167 points, or 0.7%, on Wednesday to 24,473 — reaching its highest closing level since April 2.
Although some sectors like healthcare and mining traded on a weak note, signs of easing trade tensions led to a sharp rally in technology, financial, and industrial stocks as investors hoped that trade barriers could soon be rolled back.
Top TSX Composite movers and active stocks
First Quantum Minerals, Capstone Copper, NovaGold, NexGen Energy, and Celestica jumped by over 7% each, making them the top-performing TSX stocks for the day.
On the flip side, IAMGOLD, Tilray, G Mining Ventures, and Sprott were the session’s worst-performing TSX stocks, with each slipping by at least 4.4%.
Shares of West Fraser Timber (TSX:WFG) also fell…
