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2025-10-28 20:06 By Felipe Alarcon 1 min. read

The S&P/TSX Composite rose 0.5% to close at 30,420 on Tuesday as a tech-led advance offset weakness in commodity names ahead of North American rate decisions and a busy earnings calendar.

Data centre specialist Celestica jumped 7.3% after raising its 2025 revenue outlook and reporting Q3 revenue and profit above consensus, a clear signal of resilient demand for outsourced data services.

Cameco surged 22.9% on news that Westinghouse Electric and Brookfield will partner with the US government on plans to build at least USD 80 billion of new nuclear reactors, a development that materially improves the long term demand outlook for uranium and lifted Brookfield 1.2%.

Canada’s largest oil producer Canadian Natural is due to report on Thursday with consensus models flagging stronger revenue but thinner earnings, which helps explain why energy names were mixed.

With markets expecting 25bp cuts from the Bank of Canada and the US Fed this week, rate sensitive growth stories remain in focus.



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