TSX Today: What to Watch for in Stocks on Monday, October 21

After rallying for six consecutive weeks, the TSX Composite is trading with strong 18.4% 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

The Canadian stock market continued to climb for the third consecutive session as investors’ high hopes for upcoming corporate earnings and the Bank of Canada’s interest rate decision fueled optimism, pushing the TSX to yet another record high. The S&P/TSX Composite Index advanced by 132 points, or 0.5%, on Friday to settle at 24,823.

Although some sectors like healthcare and real estate showed minor weaknesses, the market benchmark primarily inched up due to solid gains in mining and technology stocks. With this, the TSX Composite has rallied for six consecutive weeks to trade with a strong 18.3% year-to-date gain.

Top TSX Composite movers and active stocks

Strong gains in metals prices across the board drove mining stocks IAMGOLD, First Majestic Silver, Pan American Silver, and Fortuna Mining up each by over 10%, making them the top-performing TSX stocks for the day.

Despite a rally in most shares of mining companies, Calibre Mining (TSX:CXB) dived by 3.9% to $2.68 per share. This sell-off in CXB stock came after the Vancouver-headquartered gold producer announced its third-quarter consolidated gold sales of 46,076 ounces and slashed its full-year 2024 production guidance range to 230,000–240,000 ounces.

Created with Highcharts 11.4.3Calibre Mining PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

The latest revision of Calibre’s guidance is due to higher-than-expected artisanal mining at the Volcan open pit and sequencing challenges at the Limon mine in Nicaragua. Nonetheless, the company expects its production to significantly improve in the fourth quarter. Despite the recent losses, CXB stock is still up about 97% year-to-date.

Bombardier, Interfor, and Bausch Health were also among the session’s bottom performers on the Toronto Stock Exchange as they slipped by at least 2.4% each.

Based on their daily trade volume, Toronto-Dominion Bank, Enbridge, BlackBerry, Royal Bank of Canada, and Calibre Mining were the five most heavily traded stocks on the exchange.

TSX today

After reaching their highest level in over a decade last week, silver prices extended their rally early Monday morning. At the same time, gold spot prices were also trading at their record highs, pointing to another strong session for precious metal miners on the TSX today.

With no major domestic economic data expected today, Canadian investors will likely keep an eye on corporate earnings reports, which could set the tone for broader market sentiment.

The TSX-listed TFI International is likely to announce its latest quarterly results after the market closing bell on October 21. Bay Street analysts expect the transportation and logistics company to report earnings of US$1.78 per share for the September quarter with revenue of $2.6 billion.

Market movers on the TSX today

Should you invest $1,000 in Calibre Mining Corp. right now?

Before you buy stock in Calibre Mining Corp., 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 Calibre Mining Corp. 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 BlackBerry and Toronto-Dominion Bank. The Motley Fool recommends Enbridge. 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 »