Canadian stocks are up across multiple sectors, boosted by optimism about interest rate cuts and trade.

From Nasdaq: 2025-01-20 14:35:21

The Canadian market is up thanks to gains in energy, healthcare, communication, and consumer discretionary stocks. Optimism about potential interest rate cuts and reports that Trump won’t impose tariffs on Canada on his first day as president are boosting the market. Trump is directing research on trade relations with China, Canada, and other partners. The S&P/TSX Composite Index is up 0.26% to 25,132.99. Bombardier Inc is up nearly 8%, Bausch + Lomb is up 7.3%, and MEG Energy is up 5.8%. Some notable gainers include MTY Food Group, Canadian Natural Resources, and Cargojet. Kinaxis Inc is down 2% along with other stocks like Constellation Software and Toronto-Dominion Bank.



Read more at Nasdaq: Canadian Stocks Remain Firmly Positive Despite Paring Some Gains