The Canadian stock market trended upward for a second consecutive session on Monday, as investors continued to bet on rate cut expectations following the release of the recent softer-than-expected U.S. wholesale inflation numbers. Even as the markets in the United States remained closed for Martin Luther King Jr. Day, the S&P/TSX Composite Index inched up by 72 points, or 0.3%, to settle at 21,062.
While all main market sectors, except metal mining, ended the session in the green territory, notable gains in utility, consumer noncyclical, and healthcare stocks mainly guided the TSX benchmark higher.
Top TSX Composite movers and active stocks
Denison Mines, Badger Infrastructure Solutions, Athabasca Oil, and Energy Fuels were the top-performing TSX stocks yesterday, as they advanced by more than 4% each.
Shares of First Quantum Minerals (TSX:FM) rose nearly 2% to $13.40 per share after the company announced its preliminary 2023…
