TSX Posts Strong Gains Mid-Week

2026-03-25 20:05 By Felipe Alarcon 1 min. read

The S&P/TSX Composite Index surged 1.4% to close at 32,383 on Wednesday as optimism for a diplomatic resolution in the Middle East fueled a broad rally across Canadian equities.

Financials remained a primary driver with TD Bank and Bank of Nova Scotia gaining 1.3% and 1% respectively while Royal Bank and Bank of Montreal added 0.6% and 0.9% as falling bond yields supported credit outlooks.

Gold miners saw substantial gains with Agnico Eagle jumping 5.2% and Kinross rising 4.3% amid firm bullion prices and a softer US dollar.

Technology sentiment was bolstered by Shopify advancing 2.4% while Dollarama added 2% following its recent upgrade.

In a notable reversal from earlier sessions energy producers traded in the green despite the daily drop in oil prices with Suncor Energy rising 1.3% and Imperial Oil gaining 1.4%.

This resilience helped the benchmark offset declines in the telecommunications sector where BCE and Telus fell around 1%.



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TSX Posts Strong Gains Mid-Week
The S&P/TSX Composite Index surged 1.4% to close at 32,383 on Wednesday as optimism for a diplomatic resolution in the Middle East fueled a broad rally across Canadian equities. Financials remained a primary driver with TD Bank and Bank of Nova Scotia gaining 1.3% and 1% respectively while Royal Bank and Bank of Montreal added 0.6% and 0.9% as falling bond yields supported credit outlooks. Gold miners saw substantial gains with Agnico Eagle jumping 5.2% and Kinross rising 4.3% amid firm bullion prices and a softer US dollar. Technology sentiment was bolstered by Shopify advancing 2.4% while Dollarama added 2% following its recent upgrade. In a notable reversal from earlier sessions energy producers traded in the green despite the daily drop in oil prices with Suncor Energy rising 1.3% and Imperial Oil gaining 1.4%. This resilience helped the benchmark offset declines in the telecommunications sector where BCE and Telus fell around 1%.
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The S&P/TSX Composite Index surged over 1.5% to above the 32,400 mark on Wednesday as optimism for a diplomatic resolution in the Middle East fueled a broad-based rally. Financials led the charge with Royal Bank of Canada and Bank of Montreal gaining around 1% as falling bond yields and easing energy-driven inflation fears supported the credit outlook. Gold miners also outperformed as Agnico Eagle Mines jumped over 4% and Kinross soared 4.5% amid a softer US dollar and firm bullion prices. Tech sentiment improved with Shopify rising more than 3.5% while Dollarama climbed 1.8% following a CIBC upgrade to outperformer. In contrast energy producers faced pressure from a 6% drop in crude oil prices with Suncor Energy and Imperial Oil falling close to 1%.
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TSX Futures Rise on Iran Peace Talks Hopes
Futures tracking the S&P/TSX Composite Index rose on Wednesday, powered by hopes for resolving the month-old Iran conflict. Media reports indicated mediators from Turkey, Egypt, and Pakistan are arranging US-Iran talks by Thursday. Oil prices fell, easing energy-driven inflation concerns and lowering bond yields, which supported credit-sensitive sectors like Canadian banks. Lower energy prices could offer relief to central banks that have warned geopolitical tensions may revive inflation and complicate rate outlooks. Meanwhile, gold climbed on a softer US dollar, supporting miners. In other news, CIBC upgraded Dollarama to "outperformer" from "neutral," though it reduced the target price.
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