Canadian stocks remained volatile on Tuesday after diving by over 2% in the previous two sessions. Although investors were relieved by the 30-day suspension of U.S. tariffs on Canadian goods, lingering uncertainty around trade negotiations still kept sentiment cautious. Despite rallying by over 200 points in intraday trading, the S&P/TSX Composite Index gave up most of these gains to close the session with a minor 38-point advance at 25,279.
Although strong gains in technology and commodity-linked stocks tried to push the TSX benchmark higher, continued losses in other key sectors like financials and healthcare weighed on overall market sentiment.
Top TSX Composite movers and active stocks
TMX Group (TSX:X) jumped by 8.3% to $49.04 per share, making it the top-performing TSX stock for the day. This rally in TMX stock came after the Toronto-based company reported a 30.5% year-over-year jump in its fourth-quarter revenue to $393.3 million with the help of growth in its derivatives trading, equity trading, and global solutions.
Moreover, favourable foreign exchange movements, increased market activity, and recent acquisitions helped the company post a 29.7% increase in its adjusted quarterly earnings to $0.48 per share, exceeding analysts’ expectations of $0.43 per share. TMX stock is now up 10.7% on a year-to-date basis and offers a 1.6% dividend yield.
Celestica, MDA Space, and First Quantum Minerals were also among the day’s top performers on the Toronto Stock Exchange, with each surging by at least 6.8%.
In contrast, Brookfield Asset Management and Brookfield Corporation slid by at least 3% each, making them the session’s worst-performing TSX stocks.
Based on their daily trade volume, Enbridge, Suncor Energy, Manulife Financial, TD Bank, and Cenovus Energy stood out as the most active stocks on the exchange.
TSX today
Metals prices, especially gold and silver, were trading on a strong bullish note early Wednesday morning, pointing to a higher open for the TSX mining stocks today.
While no major domestic economic releases are due, Canadian investors will closely monitor U.S. non-farm employment, non-manufacturing purchasing managers index, and weekly crude oil stockpiles data this morning.
On the corporate events side, many TSX-listed companies, including ATS, FirstService, Great-West Lifeco, and Suncor Energy, will announce their latest quarterly results on February 5.
Market movers on the TSX today
