After a day of pause, Canadian stocks resumed their upward trajectory on Wednesday as recently released domestic consumer inflation data gave investors confidence that more rate cuts may be on the horizon. The S&P/TSX Composite Index jumped by 122 points, or 0.5%, for the day to settle at 24,561 — reaching a new all-time high as bullish sentiment continues to drive the market forward.
Despite minor weakness in some tech stocks, solid gains in sectors like utilities, energy, and financials propelled the TSX index higher.
Top TSX Composite movers and active stocks
Shares of uranium mining companies Energy Fuels, Denison Mines, and NexGen Energy surged by more than 10% each, making them the session’s top-performing TSX stocks. The rally in uranium stocks followed Amazon’s announcement of agreements to develop nuclear energy projects, including Small Modular Reactors, as part of its carbon-free energy push for its data centers….
