The Canadian stock market started April on a firm note after ending the first quarter with 5.8% gains as rallying commodity prices kept the optimism alive. The S&P/TSX Composite Index rose by 18 points, or 0.1%, yesterday to hit yet another record high of 22,185 on a closing basis.
On the one hand, shares of healthcare, real estate, and utility companies witnessed weakness. On the other hand, strong gains in other sectors like mining and energy managed to drive the TSX benchmark higher.
Top TSX Composite movers and active stocks
Shares of Ballard Power Systems (TSX:BLDP) popped by 18% to $4.45 per share, making it the top-performing TSX stock for the day. This rally in BLDP stock came after the Burnaby-based company announced its largest order ever, involving the supply of 1,000 fuel cell engines to Solaris Bus & Coach for buses across Europe.
Under this landmark deal, Ballard’s engines will power zero-emission buses, supporting…
