Despite largely better-than-expected corporate earnings and rising metals prices, Canadian stocks remained flat on Friday as investors continued to assess the impact of U.S. tariffs on the global economy. The S&P/TSX Composite Index ended the volatile session with a minor decline of three points at 27,759, but still ended the week with solid 2.7% gains — marking its best weekly performance since September 2024.
While consumer staples and mining stocks trended higher, losses in most other key market sectors, including consumer discretionary, energy, and financials, pulled the TSX benchmark slightly lower.
Top TSX Composite movers and active stocks
Sun Life Financial, Centerra Gold, Russel Metals, and B2Gold were the worst-performing TSX stocks for the day, with each falling by at least 5.6%.
On the flip side, shares of OpenText (TSX:OTEX) climbed 10% to $42.52 apiece, making it the session’s top-performing TSX stock. This rally in OTEX stock came after the Waterloo-based software firm reported a 2% year-over-year rise in its June quarter cloud revenues and a 30% surge in its enterprise cloud bookings with the help of strong demand for its artificial intelligence AI-driven Titanium X platform.
For its fiscal year 2025 (ended in June), OpenText posted US$1.86 billion in cloud revenues and a record 34.5% adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) margin. The company also announced a 5% dividend hike and unveiled a fresh US$300 million share-repurchase plan. Investors appeared encouraged by the combination of resilient cloud growth, strong capital returns, and management’s upbeat fiscal 2026 outlook, sparking the double-digit gain in the OTEX stock.
Saputo, Jamieson Wellness, and Lundin Gold were also among the top gainers on the Toronto Stock Exchange, as they surged by at least 6.5% each.
Based on their daily trade volume, Enbridge, Manulife Financial, Canadian Natural Resources, B2Gold, and Tourmaline Oil were the five most active stocks on the exchange.
TSX today
Commodity prices across the board fell sharply in early trading on Monday, with gold, silver, and crude oil all slipping amid renewed concerns about global demand. This weakness could pressure resource-linked sectors and weigh on the main TSX index at the open today.
While no major economic releases are due, Canadian investors will also be monitoring quarterly earnings from Orla Mining, Exchange Income, MAG Silver, Barrick Gold, K92 Mining, and Franco-Nevada for fresh market cues.
Market movers on the TSX today
