empty
 
 

23.09.202513:41:42UTC+00TSX Renews Record High on Commodity Strength

On Tuesday, the S&P/TSX Composite Index climbed approximately 0.2%, surpassing the 30,000 threshold for the first time. This upward movement was primarily driven by robust performances among commodity producers on the resource-focused Toronto stock exchange. Notable energy companies such as Canadian Natural Resources, Suncor, Imperial Oil, and Cenovus spearheaded the advance, each gaining between 0.5% and 1.4%, as the crude oil market rebounded following a four-day decline. Leading miners, including Agnico Eagle, Wheaton Precious Metals, Barrick, and Franco-Nevada, also performed well, with gains ranging from 0.6% to 1.4%, as gold continued its ascent to new record levels. The index sustained its seven-week streak of gains, buoyed by the market's positive reception of the Bank of Canada's 25 basis point rate cut aimed at bolstering the national economy.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback