TSX Today: What to Watch for in Stocks on Friday, October 18

Overnight gains in commodity prices could propel the TSX Composite benchmark to new heights today as it trades with about 18% year-to-date gains.

| More on:
tsx today

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Canadian equities extended their gains on Thursday as bullish sentiment continued to dominate the market following the release of significantly better-than-expected U.S. retail sales and manufacturing numbers. The S&P/TSX Composite Index surged to a fresh all-time high, climbing 129 points, or 0.5%, to close at 24,690.

While nearly all key sectors ended the session in green, the market rally was mainly driven by solid gains in energy, mining, and financial stocks. With this, the TSX benchmark now trades with a solid 17.8% year-to-date gain.

Top TSX Composite movers and active stocks

Shares of K92 Mining (TSX:KNT) jumped by about 7% to $9.54 per share, making it the top-performing TSX stock for the day. This rally in KNT stock came after the Vancouver-based metals miner unveiled its updated integrated development plan for the Kainantu Gold Mine, reflecting a big boost in project economics.

Created with Highcharts 11.4.3K92 Mining PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

K92 told investors that the Stage 3 expansion will double production capacity to 1.2 million tonnes per year, while Stage 4 could increase it even further to 1.8 million tonnes. The company’s updated plan is based on higher mineral resources and a new agreement that improves pay rates for the gold produced. KNT stock is now up 46.5% year-to-date.

Onex, GFL Environmental, and Denison Mines were also among the top performers on the Toronto Stock Exchange, with each climbing by at least 2.7%.

In contrast, Equinox Gold, Parkland, Ero Copper, and Capstone Copper dived by 2.5% each, positioning them as the session’s weakest performers.

According to the exchange’s daily trade volume data, Toronto-Dominion Bank, Enbridge, Royal Bank of Canada, TC Energy, and Canadian Natural Resources stood out as the five most active stocks.

TSX today

Commodity prices across the board were bullish early Friday morning, pointing to a higher open for the resource-heavy main TSX index today, with expectations of strong gains in mining and energy stocks.

Although no major economic releases are due this morning, stocks may still remain volatile as investors shift their focus to the upcoming corporate earnings season, with expectations that strong earnings could continue to propel stocks higher and extend the TSX’s impressive run.

Market movers on the TSX today

Should you invest $1,000 in K92 Mining right now?

Before you buy stock in K92 Mining, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and K92 Mining wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $20,697.16!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 29 percentage points since 2013*.

See the Top Stocks * Returns as of 3/20/25

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Jitendra Parashar has positions in Toronto-Dominion Bank. The Motley Fool recommends Canadian Natural Resources, Enbridge, and Parkland. The Motley Fool has a disclosure policy.

Confidently Navigate Market Volatility: Claim Your Free Report!

Feeling uneasy about the ups and downs of the stock market lately? You’re not alone. At The Motley Fool Canada, we get it — and we’re here to help. We’ve crafted an essential guide designed to help you through these uncertain times: "5-Step Checklist: How to Prepare Your Portfolio for Volatility."

Don't miss out on this opportunity for peace of mind. Just click below to learn how to receive your complimentary report today!

Get Our Free Report Today

More on Stock Market

tsx today
Stock Market

TSX Today: Why Canadian Stocks Could Fall on Thursday, April 3

TSX stocks may come under pressure today as sharp commodity declines and Trump’s sweeping new tariffs spark fresh concerns over…

Read more »

stock research, analyze data
Stock Market

Why I Keep Investing in Canadian Stocks Despite Market Fluctuations 

Market fluctuations are an opportune time to buy value stocks. Some good Canadian stocks are on sale, encouraging you to…

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Friday, April 2

Trump’s trade tariffs-related remarks could reintroduce volatility to TSX today, especially if he signals a hardline stance.

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Tuesday, April 1

Any updates related to trade policy will remain on TSX investors’ radar today as we come close to the implementation…

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Monday, March 31

TSX stocks may face increased volatility this week as Trump’s reciprocal tariffs are set to kick in.

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Friday, March 28

Alongside any trade policy news, U.S. personal consumption expenditure data will stay in focus for TSX investors today.

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Thursday, March 27

TSX stocks may remain volatile today as investors digest the implications of U.S. trade policy shifts and await fresh cues…

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Wednesday, March 26

Despite lingering macro concerns and trade uncertainties, the TSX Composite has climbed 4.5% over the past 10 sessions.

Read more »