Tech jump of nearly 3% lifts Canada stocks
SPY•Canada’s S&P/TSX Composite rose 0.67% to 36,411.72 at Wednesday’s close, led by a 2.85% gain in technology shares after strong results from U.S. cloud firm CoreWeave revived enthusiasm for the AI trade.
1. Technology leads gains
Canada’s S&P/TSX Composite Index rose 0.67% to 36,411.72 points at market close on Wednesday. Technology stocks gained 2.85%, with Celestica up 8.08% and Kinaxis up 6.47%.
2. Energy and financials rise
Canadian oil companies advanced 2.33% as crude prices edged higher. Financials gained 0.74% and industrials rose 0.97%.
3. Individual stocks diverge
Boyd Group fell 12.22% after missing third-quarter adjusted profit estimates. Lithium Americas dropped 12.27% after raising its first-phase Thacker Pass project cost estimate by 31% to $3.83 billion, citing higher labor, construction and logistics costs.
