(RTTNews) – The Canadian market climbed to a file excessive on Thursday, lifted by robust beneficial properties in expertise and supplies sectors. Whereas encouraging earnings from a number of massive identify U.S. tech corporations triggered heavy shopping for within the tech area, agency steel costs pushed up supplies shares.
Healthcare, utilities, actual property and industrials shares had been the opposite main gainers.
Buyers digested U.S. and European financial knowledge, and the European Central Financial institution’s financial coverage announcement.
The benchmark S&P/TSX Composite Index ended with a strong achieve of 334.95 factors or 1.31% at 25,808.25. The index scaled a recent file excessive of 25,875.61 within the session.
The Info Expertise Capped index climbed 3.45%. Celestica Inc (CLS.TO) soared almost 14.5%. Celestica reported strong This autumn earnings and even raised its 2025 outlook as a consequence of demand within the knowledge middle and AI segments.
Sangoma Applied sciences (STC.TO) rallied 5.5%. CGI Group (GIB.A.TO), Bitfarms (BITF.TO), Open Textual content Corp (OTEX.TO), Shopify Inc (SHOP.TO), Coveo Options (CVO.TO) and Lightspeed Commerce (LSPD.TO) gained 2 to 4.1%.
The Supplies Capped Index gained 3.44%. Fortuna Silver Mines (FVI.TO) soared 9.25%, First Majestic Silver Corp (AG.TO), Silvercrest Metals (SIL.TO), Pan American Silver Corp (PASS.TO) and MAG Silver Corp (MAG.TO) gained 7 to eight.1%.
First Quantum Minerals (FM.TO), Seabridge Gold (SEA.TO), Agnico Eagle Mines (AEM.TO), Ssr Mining (SSRM.TO), Wheaton Treasured Metals (WPM.TO), Franco-Nevada Corp (FNV.TO), Methanex Corp (MX.TO) and Barrick Gold Corp (ABX.TO) additionally closed sharply increased.
Healthcare inventory Tilray Inc (TLRY.TO) climbed 7.3%. Transalta Corp (TA.TO), up 6.2%, was the highest gainer in the true property sector. Industrials shares Waste Connections (WCN.TO) and Finning Worldwide (FTT.TO) closed up 3.4% and a couple of.3%, respectively.
HR&R Actual Property (HR.UN.TO), Granite Actual Property (GRT.UN.TO), Colliers Worldwide (CIGI.TO) and Northwest Healthcare Prop (NWH.UN.TO) had been among the many main gainers in the true property sector.
Information from Statistics Canada mentioned common weekly earnings of non-farm payroll workers in Canada rose by 5% year-on-year to $1,285.91 in November 2024, essentially the most in 5 months, following an upwardly revised 4.2% development in October.
A report from the Canadian Federation of Impartial Enterprise mentioned the CFIB enterprise barometer long-term index in Canada, which tracks 12-month enterprise outlooks, fell to 54.6 in January 2025, from a rating of 56.4 recorded in December 2024.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
