TSX Today: What to Watch for in Stocks on Tuesday, January 9

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Despite continued weakness in commodity prices, the Canadian equities market started the new week on a positive note, with investors eagerly awaiting key consumer inflation data from the United States, which is due later this week. The S&P/TSX Composite Index inched up by 137 points, or 0.7%, on Monday to settle at 21,075 — its highest closing level in more than 20 months.

While all market sectors, barring mining and energy, closed in the green territory, it was the robust gains in healthcare, consumer cyclical, and technology stocks that primarily drove the TSX benchmark upward.

Top TSX Composite movers and active stocks

Bombardier, Altus Group, Canada Goose, and Shopify were the top-performing TSX stocks yesterday, as they climbed by at least 4.2% each.

Brookfield Renewable Partners (TSX:BEP.UN) also rose 4.1% to $36.47 per share. This rally in its share prices came a day after the Bermuda-based…

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