Canada Stocks: TSX hits six-day high, led by Celestica and metal miners

Celestica

27/10/2026 20:32

Updates at market close
By Fergal Smith
TORONTO, Oct 27 (Reuters) - Canada's main stock index rose to a six-day high on Tuesday as Celestica's quarterly results impressed investors and higher gold prices gave metal mining shares a boost.
The S&P/TSX Composite Index .GSPTSE ended up 227.33 points, or 0.6%, at 36,171.49, notching its highest closing level since last Wednesday.
US stocks also ended higher, helped by an AI-fueled tech rally.
"Overall, upbeat across North American markets," said Michael Dehal, a senior portfolio manager at Dehal Investment Partners at Raymond James.
"We got great results from Celestica last night so that's giving a boost to our tech sector in Canada," Dehal said. "We're getting more optimism around the AI trade in the US."
Shares of Celestica CLS.TO jumped 11.9% after the electronic equipment company's quarterly results beat estimates, contributing to a 0.7% gain for technology .SPTTTK.
The materials sector .GSPTTMT, which includes metal mining shares, was up 3.3%. Gold XAU rose 1.1% as lower oil prices lent support, with market participants awaiting the Federal Reserve's policy decision on Wednesday for signals on the future path of US interest rates.
The Bank of Canada's latest interest rate decision is also due on Wednesday, with investors expecting the first rate hike since July 2023.
Both industrials .GSPTTIN and heavily weighted financials were up 0.7%.
Four of the 10 major sectors ended lower, including energy, which lost 2.6%.
U.S. crude oil futures CLc1 settled down 1.8% at $99.90 a barrel as traders focused on Middle East peace talks.
Canada and the United Arab Emirates signed a comprehensive trade deal to lower barriers between the two economies and boost investment, the governments said, as Prime Minister Mark Carney seeks to expand trade and investment ties at a time of tension with the US.

 (Reporting by Fergal Smith in Toronto and Anand Gopal and Purvi Agarwal in Bengaluru; Editing by David Gregorio)
 ((fergal.smith@thomsonreuters.com; +1 647 480 7446))