TSX Today: What to Watch for in Stocks on Monday, December 30

Despite declining by 3.3% so far in December, the TSX Composite still trades with solid 18.3% 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

After a three-day winning streak, Canadian stocks hit the brakes on Friday as some investors cashed in on recent gains amid continued uncertainty about the Federal Reserve’s policy direction heading into the new year. The S&P/TSX Composite Index concluded the volatile session with a minor 50-point decline at 24,796 but managed to notch a weekly gain of 0.8%.

Despite strong intraday gains in healthcare stocks, declines in many other key sectors, including technology and industrial, weighed on the index’s performance by the close.

Top TSX Composite movers and active stocks

ATS, Granite REIT, TFI International, and Shopify were the worst-performing TSX stocks for the day, with each diving by at least 2.2%.

In contrast, shares of Onex (TSX:ONEX) climbed by nearly 3% to $113.54 per share, making it the session’s top-performing TSX stock. This jump in ONEX stock came after the Toronto-based investment and asset management firm told investors that it had completed its substantial issuer bid, repurchasing nearly 2.26 million shares at $117 each for a total of $264.15 million.

This buyback, in which Onex’s founder Gerald Schwartz maintained his 11.3% ownership stake, reduced the company’s outstanding shares by 3.05%, leaving about 71.7 million shares in circulation. While the buyback fell short of the $400 million initially authorized, it still boosted investor confidence. ONEX stock is now up about 23% on a year-to-date basis.

CAE and Parex Resources were also among the top gainers on the Toronto Stock Exchange as they climbed by at least 2% each.

According to the exchange’s daily trade volume data, Canadian Natural Resources, Suncor Energy, TC Energy, Canadian Imperial Bank of Commerce, and Veren were the five most active stocks.

TSX today

Most commodity prices, especially crude oil, natural gas, and base metals, showed gains early Monday morning, pointing to a slightly higher open for the resource-heavy main TSX index today.

While no major economic releases are due this morning, stocks may remain volatile as bulls and bears continue to battle for direction in the final trading days of the year.

Market movers on the TSX today

Should you invest $1,000 in Broadcom right now?

Before you buy stock in Broadcom, 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 Broadcom 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 Canadian Natural Resources and Shopify. The Motley Fool has positions in and recommends Shopify. The Motley Fool recommends ATS Corp., Canadian Natural Resources, Granite Real Estate Investment Trust, and Parex Resources. 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 »