TSX closes up 227 points as gold, Celestica rally

Canada’s main stock index closed higher Tuesday, led by materials and gold stocks and a jump in Celestica Inc. (TSX:CLS), as investors waited for Wednesday’s Bank of Canada rate decision. The S&P/TSX composite index rose 227.33 points, or 0.632 per cent, to 36,171.49, TMX Money data showed.

Yahoo Finance showed the same close of 36,171.49. The index opened at 35,978.63 and traded between 35,882.56 and 36,197.51, compared with Monday’s close of 35,944.16, TMX Money said. About 247 million shares changed hands. The index is up 14.06 per cent so far this year and 2.655 per cent for October, according to TMX Money.

Materials led the gains, rising more than three per cent in reports from Baystreet.ca and Finimize, as gold prices climbed. Baystreet.ca reported that Perpetua Resources, Eldorado Gold and Lithium Americas were among the stronger names. Technology and financials also edged higher, helped by Celestica, whose shares jumped 11.9 per cent after the electronics maker reported third-quarter revenue up 83 per cent to US$5.83 billion and raised its outlook on Monday. Baystreet.ca put the stock at $388.33.

Energy was the weakest sector, down more than two per cent in both reports, as crude oil settled just below US$100 a barrel. Baystreet.ca said Cenovus Energy Inc. (TSX:CVE) fell 4.4 per cent and Imperial Oil Ltd. (TSX:IMO) fell 4.2 per cent. Telecommunications and consumer staples stocks also lost ground, Baystreet.ca reported. Earlier in the day, the index was little changed in the first hour of trading.

On Wall Street, the Nasdaq composite gained 308.43 points, or 1.2 per cent, to 26,477.81, while the S&P 500 rose about 46 points to roughly 7,722.6 and the Dow Jones industrial average ended near 52,378, according to Baystreet.ca and Yahoo Finance. The U.S. Federal Reserve began a two-day policy meeting, with its decision due Wednesday.

The Bank of Canada announces its decision and releases its Monetary Policy Report on Wednesday. The Canadian Press reported Monday that the central bank is expected to raise its key rate from 2.25 per cent. The Canadian dollar traded at about 71.2 U.S. cents, and gold was near US$4,077 an ounce. Our Monday close report and the pre-market look at Tuesday have more background, and our guide to TSX holidays in 2026 covers market hours.

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This article is for information only and is not investment advice. Speak to a licensed adviser before making investment decisions.