TSX rises on CoreWeave-led tech rally, energy gains
CRWV•Canada’s S&P/TSX Composite rose 0.53% to 36,363.05 points as strong results from CoreWeave revived enthusiasm for AI stocks and higher oil prices lifted energy shares.
1. Technology and energy rise
Canadian technology stocks climbed 1.8%, while the energy sector advanced 2.2%. CoreWeave’s quarterly results helped ease concerns about AI spending; the company said it expects to become profitable in the first half of 2028.
2. Individual stocks diverge
Celestica rose 7.5% and BlackBerry gained 4.3%. CCL Industries advanced 2.6% after beating quarterly sales estimates, while Boyd Group fell 11.1% after missing third-quarter adjusted profit estimates. Lithium Americas dropped 7.8% after raising its first-phase Thacker Pass cost estimate 31% to $3.83 billion.
