TSX higher by late afternoon trade on commodities boost

Investing.com —

Canada’s main stock index, the S&P/TSX Composite, traded in the green by late afternoon, with the commodity heavy Canadian index supported by gains in metal and crude prices. Wall Street’s main indices meanwhile were mixed, with investor sentiment cautious ahead of Big Tech earnings and tomorrow’s Federal Reserve rate decision.

The focus will now be on results from Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) scheduled after the close today, and Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN) and Meta Platforms Inc (NASDAQ:META) on deck for tomorrow.

Canadian investors will also be awaiting tomorrow’s domestic GDP data.

Investing Pro Subscribers are the first to receive breaking news, analyst upgrades, and best buy ProPick recommendations.

For an extra 10% discount, use Coupon: Canada2024. Don’t miss the New Year’s sale, for up to 60% off. Only until Jan 31.

Toronto Stock Market News

Celestica (NYSE:CLS) (TSX:CLS) shares climbed after fourth-quarter results that beat analysts’ estimates, and a better than expected outlook as the manufacturer of electronic components benefits from AI fervor..

Metro (TSX:MRU) reported a first-quarter profit miss, but sales up 6.5% to nearly $5 billion. CEO Eric La Flèche also warned consumers to expect price increases in grocery stores starting next week, after the end of an industry-wide blackout period on supplier price increases.

Pipeline operator Enbridge (TSX:ENB) announced it will cut its workforce by 650 jobs, beginning in February, as it seeks “"Cost reduction measures [that] are necessary to maintain our financial strength, be more cost-competitive and enable us to grow”.

For earnings, view our earnings calendar.

Toronto Stocks Moving Markets Today

Top Gainers on the TSX Today:

  • New Gold Inc (TSX:NGD)
  • Filo Mining (TSX:FIL)
  • NexGen Energy (TSX:NXE)

Top Losers on the TSX Today:

  • NovaGold (TSX:NG)
  • Ballard (TSX:BLDP)
  • Lithium Americas (TSX:LAAC)

For all Canadian Stocks Moving Markets today, view our Canada Markets Page.

In Canadian Economics

No Major Canadian economic data.

For all Canadian economic releases, view our economic calendar.

All currencies Canadian Dollar unless noted otherwise.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201)

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: