TSX edges higher on commodities boost By

© Reuters. — Canada’s main stock index, the tracked Wall Street higher today, after stronger-than-expected US GDP figures boosted risk-on sentiment by defying predictions of a recession, and indicated the prospect of a soft landing.

Canada’s commodity heavy index was also supported by gains in crude stockpiles fell more than expected last week, rising geopolitical tensions in the Red Sea (NYSE:), and the impetus of China’s economic support measures.

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Toronto Stock Market News

Parkland Corp (TSX:). announced it has temporarily shut down fuel processing at its Burnaby, B.C. refinery after encountering an issue on Jan. 21. The refinery is expected to remain shut for four weeks.

For earnings, view our earnings calendar.

Toronto Stocks Moving Markets Today

Top Gainers on the Today:

  • Eldorado Gold (TSX:)
  • MEG Energy (TSX:)
  • Lundin

Top Losers on the TSX Today:

  • Lithium Americas (TSX:)
  • NovaGold (TSX:)
  • Mattr Corp (TSX:)

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

In Canadian Economics

Data from Statistics Canada shows that domestic factory sales most likely fell 0.6% in December from November, on a flash estimate basis.

For all Canadian economic releases, view our economic calendar.

All currencies Canadian Dollar unless noted otherwise.

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