(RTTNews) – The Canadian market ended the main buying and selling session in difficult conditions, as materials and vitality stocks climbed further on Thursday on agency steel prices and record oil prices.
Record data showing continued growth in Canada’s manufacturing process also helped boost sentiment.
The benchmark S&P/TSX Composite, which rose to 25,003.17 during the session, ended up 170.09 points, or 0.69%, at 24,898.03.
Record data from S&P Global confirmed that Canadian manufacturing continued to expand for a fourth straight month.
The S&P Global Canada Manufacturing PMI rose to 52.2 in December 2024 from 52 in November, beating market estimates of 51.9. This was the strongest confirmation of the factory process since February 2023.
Hut 8 Corp (HUT.TO) climbed 7.2%. Transcontinental Inc (TCL.B.TO), MAG Silver Corp (MAG.TO), Pan American Silver Corp (PAAS.TO), Eldorado Gold (ELD.TO), Agnico Eagle Mines (AEM.TO), Alamos Gold (AGI ) .TO) and Lundin Gold (LUG.TO) gained between 4% and 6.7%.
Wheaton Precious Metals ( WPM.TO ), Sprott Inc ( SII.TO ), Newmont Corporation ( NGT.TO ), Precision Drilling Corporation ( PD.TO ) and Franco-Nevada Corporation ( FNV.TO ) gained 3% to 4%.
Stella-Jones (SJ.TO), Canadian Pacific Kansas City (CP.TO), TC Energy Corporation (TRP.TO), Canadian Tire Corporation (CTC.A.TO), Cameco Corporation (CCO.TO), Top class Brands Holdings ( PBH.TO ), Imperial Oil ( IMO.TO ), Shopify Inc ( SHOP.TO ) and Celestica Inc ( CLS.TO ) also posted strong points.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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