TSX Modestly Higher
2025-01-02
4122
(fxcue news) - The Canadian market is modestly higher Wednesday afternoon thanks to technology and materials stocks. Healthcare, communications, consumer discretionary and utilities stocks are among the notable losers.
The market has gained some ground in positive territory despite reports that U.S. President-elect Donald Trump is planning to impose new tariffs.
The benchmark S&P/TSX Composite Index is up 55.62 points or 0.22% at 24,985.51 with a little over an hour to go for the closing bell.
The Capped Information Technology Index is up 1.75%. Celestica Inc (CLS.TO) and Constellation Software (CSU.TO) are gaining 4.7% and 4.5%, respectively. Tecsys Inc (TCS.TO) and Descartes Systems Group (DSG.TO) are also notably higher.
K92 Mining Inc (KNT.TO), up 14%, is the biggest gainer in the Materials Index. Equinox Gold Corp (EQX.TO) is rising 8.5%.
Calibre Mining Corp (CXB.TO) is gaining 8.2% after the company reported record gold production in the fourth quarter or 2024.
Kinross Gold Corp (K.TO), Silvercrest Metals (SIL.TO), New Gold (NGD.TO), Ssr Mining (SSRM.TO), Franco-Nevada Corp (FNV.TO), Dundee Presious Metals (DPM.TO) and Eldorado Gold (ELD.TO) are up 3 to 5%.
Sandstorm Gold Ltd., (SSL.TO) announced after trading hours on Tuesday that its fourth-quarter revenue rose by 6.5% to US$ 47.4 million, compared to the year-ago quarter. The stock is up marginally.
Alimentation Couche-Tard Inc (ATD.TO) is gaining 1.75% following a rating upgrade to "Outperform" by National Bank of Canada.
Scotiabank has raised George Weston (WN.TO) is up 1.7% after Scotiabank raised the stock to
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