Canada Stocks: TSX rises as industrials rally, U.S. data boosts sentiment

Canadian National Railway Co

Thu 16:06

Updates prices and details throughout
TSX up 0.9%
Industrials lead gains as Canadian National Railway jumps
U.S. PCE meets expectations, easing rate concerns
By Tharuniyaa Lakshmi

    June 25 (Reuters) - Canada's main stock index rose on Thursday, lifted by gains in the industrials sector, with upbeat U.S. economic data boosting investor sentiment north of the border.
At 10:34 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 0.9% at 35,081.41 points.
The industrials sub-index .GSPTTIN rose the most, up 2.1%, with Canadian National Railway CNR.TO leading gains, rising 3.3% after BMO raised its target price to C$180 from C$169.
All 10 TSX sectors were in the green. The materials group .GSPTTMT, which includes metal-mining stocks, rose 1.6%, tracking a rise in gold prices. GOL/
Meanwhile, the U.S. Personal Consumption Expenditures price index came in line with expectations, at 4.1%. A final reading of first-quarter U.S. GDP showed the economy grew 2.1%, compared with a prior estimate of 1.6%.
Canadian stocks have edged ahead of U.S. peers so far in 2026, supported by resilience in commodities.
"There is potential for Canada to sustain its outperformance, though a rebound in AI-driven stocks could see U.S. equities regain the lead," said Corbin Footitt, a portfolio manager at Verecan Capital Management Inc, adding that TSX's strength is largely supported by gold and a handful of technology names. "If either weakens, the market lacks broader depth." 

 (Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Joyjeet Das)
 ((tharuniyaa@thomsonreuters.com))