After surging for eight straight days, Canadian equities climbed to new heights on Monday as recently released cooler-than-expected U.S. inflation reports reignited hopes of interest rate cuts in the coming months. The S&P/TSX Composite Index advanced by 62 points, or 0.3%, yesterday to settle at 23,116 — its highest closing level in history.
Despite minor weakness in some main sectors, such as energy and healthcare, solid gains in mining, consumer cyclical, and real estate stocks guided the TSX benchmark higher.
Top TSX Composite movers and active stocks
Seabridge Gold, SilverCrest Metals, Torex Gold Resources, and Canada Goose were the top-performing TSX stocks for the day, with each rallying by at least 4.8%.
In contrast, shares of Alimentation Couche-Tard (TSX:ATD) slipped by 2.2% to $81.77 per share after the Laval-headquartered company confirmed that it has recently made a friendly, non-binding proposal to Seven & i…
