Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

TSX edges higher on commodities boost

Published 2024-01-25, 02:50 p/m
Updated 2024-01-25, 02:50 p/m
© Reuters. — Canada's main stock index, theS&P/TSX Composite tracked Wall Street higher today, after stronger-than-expected US GDP figures boosted risk-on sentiment by defying predictions of a recession, and indicated the prospect of a soft landing.

Canada’s commodity heavy index was also supported by gains in crude U.S. crude stockpiles fell more than expected last week, rising geopolitical tensions in the Red Sea (NYSE:SE), and the impetus of China’s economic support measures.

Investing Pro Subscribers are the first to receive breaking news, analyst upgrades, and best buy ProPick recommendations. For an extra 10% discount, use Coupon: Canada2024.

Don’t miss the New Year’s sale, for up to 60% off. Only until Jan 31.

Toronto Stock Market News

Parkland Corp (TSX:PKI). announced it has temporarily shut down fuel processing at its Burnaby, B.C. refinery after encountering an issue on Jan. 21. The refinery is expected to remain shut for four weeks.

For earnings, view our earnings calendar.

Toronto Stocks Moving Markets Today

Top Gainers on the TSX Today:

  • Eldorado Gold (TSX:ELD)
  • MEG Energy (TSX:MEG)
  • Lundin Gold

Top Losers on the TSX Today:

  • Lithium Americas (TSX:LAAC)
  • NovaGold (TSX:NG)
  • Mattr Corp (TSX:MATR)

For all Canadian Stocks Moving Markets today, view our Canada Markets Page.

In Canadian Economics

Data from Statistics Canada shows that domestic factory sales most likely fell 0.6% in December from November, on a flash estimate basis.

For all Canadian economic releases, view our economic calendar.

All currencies Canadian Dollar unless noted otherwise.

Latest comments

Welcome investment business marketing
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.