Canadian shares jumped sharply on Friday, earlier than going into the lengthy Household Day weekend, as a cooler-than-expected U.S. client inflation report for January raised hopes that the Federal Reserve might minimize rates of interest additional within the close to time period. This issue, coupled with strong company earnings, drove the S&P/TSX Composite Index up by 608 factors, or 1.9%, to 33,074 — serving to it put up its largest single-day share acquire in over six months.
Whereas all key market sectors ended the session within the inexperienced, the market rally was primarily led by stable beneficial properties in mining, client cyclicals, and healthcare shares. As buyers rotated again into riskier belongings following the softer inflation print, a number of beaten-down shares noticed renewed shopping for curiosity, and a few defensive shares lagged the broader advance.
Prime TSX Composite movers and energetic shares
Shares of Magna Worldwide (TSX:MG) rallied almost 19% to $93.52 apiece, making it the top-performing TSX inventory for the day. This rally in MG inventory got here after the Aurora-based international auto elements big reported better-than-expected fourth-quarter outcomes and issued an upbeat 2026 outlook.
Within the newest quarter, Magna’s quarterly gross sales rose 2% yr over yr to US$10.8 billion regardless of a 1% decline in international mild car manufacturing. On the identical time, its adjusted diluted earnings climbed 29% to $2.18 per share, and the corporate generated a powerful $1.3 billion in free money movement within the quarter. Wanting forward, Magna projected 2026 gross sales of $41.9 billion to $43.5 billion and free money movement of as much as $1.8 billion, alongside plans to repurchase the remaining shares below its buyback authorization. Notably, MG inventory has risen round 66% during the last 12 months.
Trisura Group, G Mining Venturesand SSR Mining had been additionally among the many day’s high gainers on the Toronto Inventory Alternatewith every climbing by not less than 8.6%.
In distinction, Benefit Power, Colliers Worldwide, CAEand Brookfield Enterprise Companions slipped by not less than 3.4% every, making them the session’s worst-performing TSX shares.
Primarily based on their day by day commerce quantity, Telus, Enbridge, B2Gold, Air Canadaand Bitfarms had been the 5 most energetic shares on the trade.
TSX right now
Crude oil and pure fuel costs trended increased in early Tuesday morning, whereas metals costs fell sharply. Given these combined alerts from key commodities, the resource-heavy TSX index might see uneven sector efficiency on the open right now.
Though no main home financial releases are due, Canadian buyers will carefully monitor the U.S. retail gross sales and employment value knowledge this morning amid heightened sensitivity to macroeconomic knowledge.
On the company occasions entrance, a number of TSX-listed firms, together with iA Monetary, RioCan REIT, RB International, Dream Industrial REIT, Gibson Power, TFI Worldwide, CT REITand SSR Miningwill announce their newest quarterly outcomes right now after the market closing bell.