Canadian stocks resumed their rally on Tuesday after a short pause, as investor confidence grew amid expectations of further rate cuts from the Federal Reserve and Bank of Canada (BoC). The S&P/TSX Composite Index climbed by 130 points, or 0.5%, yesterday to settle at 25,419 — marking its 10th advance in the past 11 trading days.
Although some sectors like utilities and healthcare witnessed weakness, solid intraday gains in most technology stocks guided the TSX benchmark upward as market sentiment turned bullish ahead of key interest rate decisions.
Top TSX Composite movers and active stocks
Shopify, Celestica, BlackBerry, and IAMGOLD were the top-performing TSX stocks for the day as they surged by at least 4.9% each.
In contrast, NFI Group, Bombardier, BRP, and Ivanhoe Mines slipped by at least 4% each, making them the day’s worst-performing TSX stocks.
Metro (TSX:MRU) also slid by 3.3% to $80.56 per share, making it one of…
