financetom
World
financetom
/
World
/
CANADA STOCKS-TSX notches another record high as sector participation broadens
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX notches another record high as sector participation broadens
Mar 11, 2026 12:47 AM

*

TSX ends up 0.34% at 33,028.92

*

Financials gain after robust U.S. banking results

*

Energy stocks fall as oil prices sink

*

Industrials get a boost from rising Bombardier shares

(Updates at market close)

By Fergal Smith

TORONTO, Jan 15 (Reuters) - Canada's main stock index

rose to another record high ‌on Thursday, with industrial and

financial shares among the leading gainers rather than metal

mining stocks which had ​dominated the market's rally since the

start of the year.

The S&P/TSX Composite ‍Index ended up 112.45

points, or 0.34%, at 33,028.92, moving ⁠past Wednesday's record

closing ⁠high.

U.S. stocks also rose as Morgan Stanley and Goldman Sachs

shares shot up following upbeat quarterly results, ‌while

technology shares climbed after chipmaker TSMC's

blockbuster ​results.

"There's broader participation in today's move," said Bipan

Rai, head of ETF and alternatives strategy at BMO Global Asset

Management. "Certainly, you combine ⁠that with the outlook for

metals ... it ‍does feel ​like this year should be constructive

for the TSX."

Record highs for the price of gold and silver

on geopolitical uncertainty have helped underpin ‍the materials

sector in January. The sector has added 14.1% this

month after nearly doubling in 2025.

One of Canada's principal trading partners for minerals is

China. Prime Minister Mark Carney hailed Canada's improving ties

with the country as well as the leadership of President Xi

Jinping, declaring their nations were charting a ​new ‍course in

cooperation at a time of global division and disorder.

"Part and parcel of the strategy from the prime minister's

office is to figure ​out ways to diversify Canada's trade

relationships more globally," Rai said.

Among the standouts on Thursday was the industrials sector

. It posted a gain of 1.42%, led by a 7.17% jump in

the shares of Bombardier Inc ( BDRPF ) after the business

aircraft manufacturer announced a new $100 million manufacturing

center in Dorval, Montreal.

Real estate rose 0.75% and heavily weighted financials

ended 0.55% ​higher.

The energy sector was a drag, falling 0.93%. The price of oil

settled 4.56% lower at $59.19 a barrel as concerns eased

over potential U.S. military action against Iran and oil supply

disruptions.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GLOBAL MARKETS-Stocks make little progress, gold rises as tariff news looms
GLOBAL MARKETS-Stocks make little progress, gold rises as tariff news looms
Apr 2, 2025
(Updates prices to late U.S. morning trading) * Gold hangs near record high on safe-haven flows * Treasuries muted while U.S. dollar loses ground * Investors brace for Trump's levies due at market close By Sinéad Carew and Amanda Cooper NEW YORK/LONDON, April 2 (Reuters) - U.S. equities were barely changed while European stocks fell on Wednesday and safe-haven gold...
European Equities Traded in the US as American Depositary Receipts Flat in Wednesday Trading
European Equities Traded in the US as American Depositary Receipts Flat in Wednesday Trading
Apr 2, 2025
11:09 AM EDT, 04/02/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts were treading water late Wednesday morning, edging 0.01% higher to 1,393.26 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by accommodations booking company trivago (TRVG) and furniture maker Natuzzi (NTZ), which advanced 6% and 3% respectively. They...
Top Midday Stories: Tesla Q1 Deliveries Drop 13% Year Over Year; Chinese Companies Order $16 Billion of Nvidia Chips in First 3 Months of 2025
Top Midday Stories: Tesla Q1 Deliveries Drop 13% Year Over Year; Chinese Companies Order $16 Billion of Nvidia Chips in First 3 Months of 2025
Apr 2, 2025
11:29 AM EDT, 04/02/2025 (MT Newswires) -- All three major US stock indexes were slightly higher in late-morning trading Wednesday as Wall Street braces for President Donald Trump to unveil his tariff plans at 4 p.m. ET. In company news, Tesla delivered 336,681 vehicles in Q1, a 32.1% sequential drop and a 13% from the year-ago period. Analysts polled by...
BMO on Canada's Provincial Bond Returns
BMO on Canada's Provincial Bond Returns
Apr 2, 2025
11:27 AM EDT, 04/02/2025 (MT Newswires) -- Long provincial returns were muted over the past month, as slightly lower Government of Canada yields were offset by wider provincial spreads, said Bank of Montreal (BMO). Risk appetite continues to be impacted by the Canada-United States tariff battle ahead of reciprocal tariffs expected later Wednesday, wrote the bank in its Provincial Credit...
Copyright 2023-2026 - www.financetom.com All Rights Reserved