TSX Hits All-Time High

2026-02-18 21:04 By Felipe Alarcon 1 min. read

The S&P/TSX Composite jumped 1.5% to close at 33,390, setting a fresh record as a rotation into technology and precious metals outweighed pockets of earnings driven weakness.

Information technology led sector gains, with Shopify surging 7.6% and Constellation Software adding 5.3%, tracking strength in US chipmakers and AI linked names after upbeat corporate positioning updates.

Gold’s rally above 5,000 dollars per ounce supported miners, lifting Agnico Eagle 4.1%, Barrick Gold 4% and Wheaton Precious Metals 2.3%, as firm bullion prices improved cash flow expectations across the sector.

Energy stocks also advanced in line with crude’s push toward monthly highs, with Canadian Natural Resources, Suncor Energy, Imperial Oil, and Cenovus Energy posting solid gains between 1.7% and 3.4%.

Financials remained broadly constructive as Royal Bank of Canada and Bank of Montreal edged higher, though results driven volatility weighed on Industrial Alliance, which tumbled 11% after softer earnings.



News Stream
TSX Gains on Hopes for US-Iran Agreement
The S&P/TSX Composite Index gained 0.8% to close at 34,938 on Friday amid renewed optimism over US-Iran diplomacy. Reports indicated that a US-Iran memorandum could be signed as early as Sunday. Oil prices eased, reducing inflation concerns and diminishing expectations of further monetary tightening, supporting financial stocks and the broader market. TD Bank added 1.1%, while BMO rose 1.2%. Mining stocks also advanced despite lower gold prices, with Agnico Eagle gaining 3.4%, Barrick rising 3.3%, and WPM adding 3.5%. Meanwhile, technology shares traded mixed following SpaceX's market debut. Shopify fell 1.8%, while Celestica posted gains as investor optimism around AI-related stocks persisted.
2026-06-12
TSX Nears Record High on US-Iran Deal Hopes
The S&P/TSX Composite Index edged up to trade close to the 35,000 mark, approaching record levels, amid renewed optimism over US-Iran diplomacy. According to senior officials, the two countries may sign an agreement to reopen the Strait of Hormuz on the sidelines of next week’s G7 summit. Oil prices eased, reducing inflation concerns and reducing expectations of monetary tightening, supporting financial stocks and the broader market. RBC gained over 0.5%, while TD Bank and BMO advanced about 1%. Mining stocks also traded higher despite lower gold prices, with Agnico Eagle and WPM up nearly 1%. Industrial and infrastructure names posted gains, with TC Energy rising more than 0.5%. In contrast, energy stocks retreated, with Imperial Oil losing more than 0.5%. Shopify shed over 2%, tracking weakness in US technology stocks.
2026-06-12
TSX Futures Rise on US-Iran Deal Hopes
Futures tracking the S&P/TSX Composite Index edged higher on Friday amid renewed optimism over US-Iran diplomacy. According to senior officials, the US and Iran may sign an agreement to reopen the Strait of Hormuz on the sidelines of next week’s G7 summit. Oil prices fell below $90 per barrel, easing inflation concerns and reducing expectations of monetary tightening, supporting financial stocks and the broader market. Meanwhile, lower gold prices pressured mining shares. Also, Prime Minister Mark Carney said on Thursday that Canada will invest more than C$1 billion to promote competition among grocers and food processors in an effort to curb elevated food inflation.
2026-06-12