The Canadian stock market staged a sharp recovery on Wednesday as largely strong corporate earnings and better-than-expected U.S. services and private employment data reignited risk appetite, helping investors regain some confidence after Tuesday’s steep losses. The S&P/TSX Composite Index climbed by 326 points, or 1.1%, to settle at 30,103 — marking a strong turnaround.
While all key market sectors closed the session in the green, the TSX rally was mainly led by solid gains in healthcare, mining, consumer staples, and technology stocks.
Top TSX Composite movers and active stocks
ATS (TSX:ATS) was the top-performing TSX stock for the day, as it surged by over 10% to $41.69 per share. The rally followed the Cambridge, Ontario-based automation firm’s upbeat second-quarter results, reflecting a 19% year-over-year revenue jump to $728.5 million. During the quarter, its adjusted EBITDA (earnings before interest, taxes,…
