Investing.com — Canada's main stock index, the S&P/TSX Composite, touched a one week high today, tracking the Nasdaq and S&P 500 higher. Investors are now awaiting tech earnings, with Netflix (NASDAQ:NFLX) on tap after the close today.
The commodity heavy Canadian index was also supported by miners as metal prices rallied.
All eyes remain on the Bank of Canada’s interest rate decision due Wednesday, with analysts widely expecting the BoC to keep rates on hold at 5%.
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Toronto Stock Market News
IAMGOLD Corp was the top gainer on the TSX today, after the company reported Q4 and full year production figures on Monday. 2023 attributable gold production came in at 465,000 ounces, on the high side vis a vis the annual production guidance of 410,000 to 470,000 ounces.
BRP Inc (TSX:DOO) was the top loser on the TSX today, after the company announced that one of its largest investors, Bain Capital, will sell a portion of its stake.
Canadian Solar shares soared after BlackRock Inc (NYSE:BLK). agreed to invest US$500 million in Canadian Solar’s Recurrent Energy unit. Canadian Solar will continue to own a majority of the business.
West Fraser Timber (TSX:WFG) shares fell after announcing that it will be permanently closing its Fraser Lake sawmill, which is expected to impact 175 employees.
For earnings, view our earnings calendar.
Toronto Stocks Moving Markets Today
Top Gainers on the TSX Today:
Top Losers on the TSX Today:
For all Canadian Stocks Moving Markets today, view our Canada Markets Page.
In Canadian Economics
No major Canadian economic data.
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar unless noted otherwise.