TSX Reaches New Highs

2026-02-25 21:06 By Felipe Alarcon 1 min. read

Canada's S&P/TSX Composite Index rose 0.5% closing at a record 34,127 on Wednesday, as bank earnings and a tech rally pushed the benchmark to new heights.

The financial sector led the charge after National Bank of Canada soared 6.6% and Bank of Montreal surged 3.8% following Q1 profit beats.

These gains, alongside a 2.5% rise in CIBC and 2% in TD, comfortably offset a 5.5% slump in Loblaw and a 2.2% drop in Canadian National Railway.

Tech shares remained a significant tailwind, with Shopify rising 2.6% and Thomson Reuters jumping 10.1% amid broader optimism ahead of major US software earnings.

While commodity-linked stocks saw mixed results, Barrick Gold and Canadian Natural Resources both eased slightly, the strength in Bay Street’s heavyweights ensured a record-breaking session.

Investors now await the fallout from Nvidia’s post-market results to dictate the momentum for the TSX's tech and diversified sectors in the coming sessions.



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TSX Reaches New Highs
Canada's S&P/TSX Composite Index rose 0.5% closing at a record 34,127 on Wednesday, as bank earnings and a tech rally pushed the benchmark to new heights. The financial sector led the charge after National Bank of Canada soared 6.6% and Bank of Montreal surged 3.8% following Q1 profit beats. These gains, alongside a 2.5% rise in CIBC and 2% in TD, comfortably offset a 5.5% slump in Loblaw and a 2.2% drop in Canadian National Railway. Tech shares remained a significant tailwind, with Shopify rising 2.6% and Thomson Reuters jumping 10.1% amid broader optimism ahead of major US software earnings. While commodity-linked stocks saw mixed results, Barrick Gold and Canadian Natural Resources both eased slightly, the strength in Bay Street’s heavyweights ensured a record-breaking session. Investors now await the fallout from Nvidia’s post-market results to dictate the momentum for the TSX's tech and diversified sectors in the coming sessions.
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TSX Extends Record Setting Momentum
Canada's S&P/TSX Composite Index rose around 0.3% to above the 34,000 level for the first time on Wednesday, as heavyweight bank earnings overshadowed a slump in fleet management. The financial sector powered the advance after Bank of Montreal surged over 3% after beating Q1 profit estimates, and National Bank of Canada soared nearly 5% on a similarly strong report following its acquisition of Canadian Western Bank. Offsetting these gains, Element Fleet Management shares tumbled 8.5% after reporting Q4 earnings that missed analyst expectations. Commodity-linked stocks provided additional support as gold prices rose against a weaker dollar, while crude oil remained elevated as traders monitored ongoing US-Iran nuclear talks and military positioning in the Middle East. Tech shares remained bright, with Shopify up over 2.5% and Thomson Reuters extending its gains by 4.5%.
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TSX Futures Edge Higher as Gold and Oil Rally
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2026-02-25