TSX Lifted by Tech

2025-10-28 13:47 By Felipe Alarcon 1 min. read

The S&P/TSX Composite rose about 0.3% to above the 30,350 mark on Tuesday as strength in tech names offset weakness among commodity producers ahead of NA rate decisions and a busy slate of corporate results.

Data centre specialist Celestica jumped more than 14% after raising its 2025 revenue outlook and reporting third quarter revenue and profit above analyst expectations.

Meanwhile Agnico Eagle led major miners lower, losing roughly 1.5% after Weiss Ratings downgraded the stock from “buy (a)” to “buy (b+)” ahead of tomorrow’s results that are expected to show higher revenue and earnings.

Oil producers came under pressure as WTI crude fell and markets weighed the effect of an OPEC plus output increase.

Canada’s largest oil producer Canadian Natural will report on Thursday with forecasts pointing to stronger revenue but weaker earnings.

Investors are also watching the Bank of Canada and the US Federal Reserve, both widely expected to cut policy rates by 25 basis points this week.



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