Canadian equities continued to rise for the third consecutive session on Wednesday as strong corporate earnings and an intraday metals price recovery helped investors look past ongoing economic uncertainties and trade tensions. The S&P/TSX Composite Index climbed by 124 points, or 0.5%, to settle at 25,328, trimming its month-to-date decline to 0.8%.
While nearly all key market sectors ended the session in the green, yesterday’s TSX rally was mainly driven by strong gains in mining, healthcare, and technology stocks.
Top TSX Composite movers and active stocks
Stantec (TSX:STN) surged by nearly 7% to $128.12 per share, making it one of the top-performing TSX stocks for the day and extending its two-day gains to 17.5%. The recent rally in STN stock started on Tuesday after the Edmonton-based engineering firm announced its upbeat quarterly financial results.
In the December quarter, Stantec’s total revenue rose 19% year over year…
