financetom
World
financetom
/
World
/
CANADA STOCKS-TSX posts biggest daily gain in a month, boosting April rally
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX posts biggest daily gain in a month, boosting April rally
Apr 30, 2026 2:04 PM

* TSX ends up 1.9% at 33,964.33

* Bombardier jumps 20.6% after Q1 profit beat

* Canada's economy grew by 0.2% in February

* Tech adds 2.2%, financials end 2.1% higher

(Updates at market close)

By Fergal Smith

TORONTO, April 30 (Reuters) - Canada's main stock index

posted its biggest daily gain since the end of March on

Thursday, with industrial and technology shares leading a

broad-based move higher as stronger-than-expected corporate

earnings outweighed uncertainty related to the war in the Middle

East.

The Toronto Stock Exchange's S&P/TSX composite index

ended up 645.94 points, or 1.9%, at 33,964.33, marking

its highest closing level since April 20. For the month, the

index was up 3.65%, recouping much of March's decline.

"The rally is a combination of a recovery from the selloff

last month and improving sentiment about eventually the war will

end at some point or there will be some sort of resolution, but

I think more importantly it's earnings driven," said Stan Wong,

a portfolio manager at Scotia Wealth Management.

"When earnings are rising the market can absorb a lot of the

macro and geopolitical noise that's happening."

Iran said it would respond with "long and painful strikes"

on U.S. positions if Washington renewed attacks, and also

reasserted its control over the Strait of Hormuz, complicating

U.S. plans for a coalition to reopen the waterway.

"Canada is a little bit of a different set-up (than the U.S.

market) - it's more cyclical, as we know, and right now it's

working," Wong said.

Canada's economy grew by 0.2% in February from January,

while a preliminary estimate pointed to annualized growth of

1.7% for the first quarter, which would slightly eclipse the

Bank of Canada's 1.5% forecast.

Industrials rose 2.4%, with shares of Bombardier Inc ( BDRPF )

jumping 20.6% after the business jet maker beat Wall

Street estimates for first-quarter profit.

Technology added 2.2% and heavily weighted financials ended

2.1% higher.

The materials group, which includes metal mining

shares, was up 1.4% as a sharp decline for the U.S. dollar

gave gold and copper prices a boost.

Energy added 0.8%. The price of oil touched

a three-week high before settling 1.7% lower at $105.07 a

barrel.

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 >
European Equities Close Mixed in Tuesday Trading; Novo Nordisk, Pfizer Battle Over Metsera Heats Up
European Equities Close Mixed in Tuesday Trading; Novo Nordisk, Pfizer Battle Over Metsera Heats Up
Nov 4, 2025
11:59 AM EST, 11/04/2025 (MT Newswires) -- European stock markets closed mixed in Tuesday trading as the Stoxx Europe was down 0.30%, Germany's DAX declined 0.76%, the FTSE in London edged 0.14% higher, France's CAC fell 0.52%, and the Swiss Market Index rose 0.58%. In corporate news, biopharmaceutical company Metsera said Tuesday it has received an amended acquisition proposal from...
CANADA STOCKS-TSX hits over one-month low on profit-taking, budget proposal awaited
CANADA STOCKS-TSX hits over one-month low on profit-taking, budget proposal awaited
Nov 4, 2025
Nov 4 (Reuters) - Canada's main stock index slid over 1% on Tuesday and was at its weakest since late September with investors cashing in gains and bracing for the budget due shortly, amid a global risk-off mood. At 9:50 a.m. ET, Toronto's S&P/TSX composite index dropped 1.3% to 29,891.04 points - its lowest since September 26. Canada's Prime Minister...
Asian Equities Traded in the US as American Depositary Receipts Decline in Tuesday Trading
Asian Equities Traded in the US as American Depositary Receipts Decline in Tuesday Trading
Nov 4, 2025
10:48 AM EST, 11/04/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking lower Tuesday morning, declining 0.73% to 2,717.93 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by education company Four Seasons Education ( FEDU ) and pet-focused platform Boqii ( BQ ) , which climbed 6.9%...
European Equities Traded in the US as American Depositary Receipts Track Lower in Tuesday Trading
European Equities Traded in the US as American Depositary Receipts Track Lower in Tuesday Trading
Nov 4, 2025
11:14 AM EST, 11/04/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts were trending lower late Tuesday morning, declining 0.5% to 1,584.6 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biopharmaceutical companies DBV Technologies ( DBVT ) and Genfit ( GNFT ) , which rose 5.5% and 5.2%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved