TSX Today: What to Watch for in Stocks on Monday, June 9

Momentum remains strong for the TSX Composite Index, which is now trading at record highs after eight winning weeks out of the last nine.

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 June 9, 2025 9:00 am EDT

Canadian stocks notched another fresh record high on Friday as investors reacted positively to stronger-than-expected May jobs data on both sides of the border, boosting confidence in the resilience of North American labour markets. The S&P/TSX Composite Index climbed 87 points, or 0.3%, to close at 26,429, marking its highest-ever finish.

Even as a pullback in gold and copper prices led to weakness in mining stocks, strong gains in most other key market sectors, including technology, healthcare, and financials, helped keep the broader index in positive territory.

Top TSX Composite movers and active stocks

Enghouse Systems (TSX: ENGH) dived by over 9% to $23.87 per share, making it one of the worst-performing TSX stocks for the day. This sharp decline in ENGH stock followed the company’s April quarter earnings release, which revealed a year-over-year drop in its revenue and a 25% plunge in operating profit to $25.1 million.

As a result, Enghouse’s adjusted quarterly earnings also fell 33% to $0.24 per share amid demand-side hesitancy and delays in customer investment decisions, missing Street analysts’ expectations of $0.37 per share by a wide margin. This earnings miss disappointed investors despite management reaffirming its long-term acquisition strategy and financial strength. On a year-to-date basis, ENGH stock is now down nearly 12%.

Orla Mining, G Mining Ventures, and Centerra Gold were also among the session’s bottom performers on the Toronto Stock Exchange, with each falling by at least 5.8%.

In contrast, Algoma Steel, Shopify, Seabridge Gold, and Baytex Energy climbed by at least 4.3% each, making them the day’s top-performing TSX stocks.

Based on their daily trade volume, Canadian Natural Resources, Suncor Energy, Cenovus Energy, Manulife Financial, and TC Energy were the five most active stocks on the exchange.

TSX today

Commodity prices across the board were mixed in early trading on Monday, pointing to a muted opening for the resource-heavy main TSX index today.

While it’s a quiet day for Canadian data, markets could still swing as investors await key U.S. inflation reports later this week and next week’s Fed rate decision. Meanwhile, global trade negotiations and related developments may influence sentiment, especially in export-sensitive sectors like industrials and materials.