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 from economic data.

Jitendra Parashar

Author Bio Jitendra Parashar is a financial journalist who has been writing for The Motley Fool Canada since June 2020. With more than 13 years of experience in financial journalism, equity research, and market analysis, he helps investors understand market developments and identify long-term investment opportunities. Before joining The Motley Fool Canada, Jitendra spent several years at Market Realist covering U.S. equities, major economic developments, and developments in the automotive and technology industries. He also worked in commodity and currency research at brokerage firms, gaining insight into how economic trends, central bank decisions, and geopolitical events influence financial markets. Jitendra writes for beginner investors, dividend seekers, and Canadians looking to build wealth over the long term. He also contributes to the daily TSX Today series, explaining key Canadian market developments and highlighting news investors should watch. Based in India, Jitendra follows Canadian and U.S. markets closely. Outside of work, he enjoys travelling in the Himalayas, street and nature photography, and exploring programming and artificial intelligence. Education MBA in Finance and International Business Bachelor's degree in Journalism Areas of Expertise Canadian and U.S. financial markets, long-term equity investing, dividend investing, macroeconomic and geopolitical trends, automotive stocks, emerging technologies, and artificial intelligence. Social Media Profiles LinkedIn Muck Rack Favorite Investment Quote “Simplicity is the master key to financial success.” — John C. Bogle

Published March 27, 2025 9:00 am EDT

After rising in the previous two sessions, the Canadian stock market turned negative on Wednesday after U.S. president Donald Trump signed a proclamation imposing a 25% tariff on imported automobiles and key auto parts. As trade tensions resurfaced, the S&P/TSX Composite Index plunged by 178 points, or 0.7%, to settle at 25,161.

All key sectors ended the session in red, but the TSX selloff was mainly led by heavy losses in technology, healthcare, and mining stocks.

Notably, Trump’s new auto tariffs target passenger vehicles, light trucks, and components like engines and transmissions, with implementation set to begin on April 3.

Top TSX Composite movers and active stocks

Celestica, Teck Resources, First Quantum Minerals, Lundin Mining, and Shopify were the worst-performing TSX stocks, with each sliding by at least 5.1%.

Despite the broader market selloff, BRP (TSX: DOO) climbed by 7.4% to $54.55 per share, making it the top-performing TSX stock for the day. This rally came after the Valcourt-based powersports products maker announced its better-than-expected earnings for the fourth quarter of its fiscal year 2025 (ended in January).

Last quarter, BRP’s revenue fell 19.7% year over year to $2.1 billion due to softer consumer demand and its focus on proactive inventory reduction. Nevertheless, the company’s adjusted quarterly earnings of $0.98 per share managed to beat Bay Street analysts’ expectations of $0.88 per share. In the fiscal 2025, it also generated $740.1 million in operating cash flow. On a year-to-date basis, BRP stock is still down 26%.

NuVista Energy, New Gold, and Stella-Jones were also among the top gainers on the Toronto Stock Exchange, with each rising by at least 2.6%.

Based on their daily trade volume, TC Energy, Canadian Natural Resources, TD Bank, Scotiabank, and South Bow were the five most active stocks on the exchange.

TSX today

Crude oil and metals prices were largely mixed in early morning trading on Thursday, pointing to a flat opening for the resource-heavy main TSX index today.

While no major domestic economic releases are due, Canadian investors may want to keep an eye on the quarterly U.S. GDP (gross domestic product) growth data this morning. Overall, market sentiment may remain cautious as investors digest the implications of U.S. trade policy shifts and await fresh cues from economic data.