A rally in metals prices and optimism surrounding the recent U.S. rate cut helped Canadian stocks notch a new all-time high for the fourth consecutive session, as investors bet the cuts would offer short-term economic relief despite lingering global uncertainties. The S&P/TSX Composite Index rose by 58 points, or 0.2%, to settle at 23,952.
Copper and silver prices surged yesterday after the People’s Bank of China announced a major economic stimulus, fueling a strong rally in TSX mining stocks. In addition, continued buying in consumer and healthcare stocks drove the market benchmark to new heights.
Top TSX Composite movers and active stocks
Aya Gold & Silver, Hudbay Minerals, Capstone Copper, and First Majestic Silver were the top-performing TSX stocks for the day, with each surging by over 6%.
Shares of Denison Mines (TSX:DML) climbed by 2.1% to $2.42 per share, making it among the day’s top performers…
