The Canadian stock market edged up further to post a fresh 18-month high before heading into the long holiday weekend after weaker-than-expected U.S. personal consumption expenditure, new home sales, and Canada’s gross domestic product data further raised the possibility of interest rate cuts in the near term. The S&P/TSX Composite Index advanced by 115 points, or 0.6%, on Friday to settle at 20,881.
While all key market sectors ended the day in the green territory, shares of healthcare, consumer cyclicals, and real estate companies rallied the most. With 1.7% weekly gains, the main TSX index posted its second consecutive winning week for the first time since September.
Top TSX Composite movers and active stocks
TFI International, Tilray Brands, Torex Gold Resources, and First Quantum Minerals were the top-performing TSX stocks on December 22, as they surged by at least 4% each.
In contrast, Canada Goose and Lithium Americas…
