TSX Set to Post Fresh Record Highs

2025-12-12 14:53 By Felipe Alarcon 1 min. read

The S&P/TSX Composite rose 0.2% on Friday to surpass the 31,700 mark for the first time, leaving the benchmark on track for a weekly gain above 1% as the commodity-heavy Toronto exchange was propelled by gains in mining stocks.

Heavyweights Agnico Eagle, Barrick Mining and Wheaton Precious Metals set the pace of the advance, each adding between 1% and 2% as bullion climbed and gold pushed toward record highs.

Silver extended its surge to historic levels, sending Franco-Nevada, Pan American Silver and Lundin Mining up more than 2%.

Technology stocks restrained the rally, with Celestica plunging over 5% and Shopify retreating more than 1.5%.

The week was dominated by central bank moves, with the BoC holding rates steady and the US Fed cutting by 25 basis points, a shift that helped lift risk appetite.



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