Canadian stocks extended their winning streak on Tuesday, lifted by firm commodity prices, cooler-than-expected U.S. consumer inflation data, and investor optimism surrounding easing trade tensions. These factors, coupled with largely upbeat corporate earnings, drove the S&P/TSX Composite Index up by 85 points, or 0.3%, to 25,617.
With this, the Canadian market benchmark rose for the sixth straight session — marking its longest winning streak since January 2025. Some sectors, like healthcare and utilities, witnessed weakness, but strong gains in energy, financial, and tech stocks kept the TSX in the green.
Top TSX Composite movers and active stocks
Finning International (TSX: FTT) surged by nearly 14% to $48.31 per share, making it the top-performing TSX stock for the day. This rally in FTT stock came a day after the Vancouver-headquartered Caterpillar dealer released its upbeat first-quarter earnings report.
In the March 2025 quarter, Finning’s adjusted earnings rose 18% year over year to $0.99 per share, beating Street analysts’ expectations of $0.86 per share. The upbeat sentiment was further fueled by robust 11% growth in its product support revenue and record-high equipment backlog of $2.8 billion. Investors also cheered Finning’s strategic divestitures, which are expected to boost its future earnings and capital returns. FTT stock is now up 27% year to date.
Aya Gold & Silver, Celestica, and Baytex Energy were also among the day’s top gainers on the Toronto Stock Exchange, with each climbing by at least 8.9%.
In contrast, Orla Mining, Pet Valu, Constellation Software, and Energy Fuels slipped by at least 3.4% each, making them the session’s worst-performing TSX stocks.
Based on their daily trade volume, Canadian Natural Resources, Enbridge, Whitecap Resources, Manulife Financial, and Baytex Energy were the five most active stocks on the exchange.
TSX today
Commodities were broadly lower in early Wednesday trading, which could weigh on the resource-heavy TSX index at the open today.
While no major domestic economic releases are due, Canadian investors may want to keep an eye on the weekly U.S. crude oil stockpiles data this morning.
On the corporate events front, several TSX-listed companies, including Bird Construction, Stantec, G Mining Ventures, Boyd Group, Boralex, Birchcliff Energy, and H&R REIT, will release their latest quarterly earnings reports today.
Market movers on the TSX today
