Canada Stocks: TSX notches longest quarterly winning streak in 30 years

Celestica

30/06/2026 21:33

Updates at market close
TSX ends up 0.1% at 34,856.99
Gains 6.4% in the second quarter
Canada's GDP rises 0.5% in April
Tech adds 0.9%, financials gain 0.8%
By Fergal Smith

    June 30 (Reuters) - Canada's main stock index slightly added to its quarterly gain on Tuesday, as financial and technology shares rose and after domestic data showed the economy expanding faster than expected in April.
The Toronto Stock Exchange's S&P/TSX Composite Index .GSPTSE ended up 33.17 points, or 0.1%, at 34,856.99.
For the second quarter, the index was up 6.4%, marking its eighth straight quarterly advance, the longest such stretch since 1996. Still, it lagged the 14.9% gain for the S&P 500 .SPX, the U.S. benchmark.
"The Canadian market, for the most part, has been largely earnings driven," said Angelo Kourkafas, senior global investment strategist at Edward Jones Investments.
"It has lagged U.S. and some other indices because of its commodities tilt. But markets are ready to enter a new quarter from a solid footing."
Financials .SPTTFS, health care .GSPTTHC and technology .SPTTTK led the TSX's quarterly advance, while the materials group .GSPTTMT, which includes metal mining shares, and energy .SPTTEN posted declines.

        Canada's gross domestic product increased 0.5% in April from March, marking the largest monthly expansion in nine months and allaying concerns that a tariff-led slowdown in the economy was getting more entrenched.
The U.S. was expected to formally declare on Wednesday that it will not extend the U.S.-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old North American free trade zone as the three countries haggle over proposed changes.
Technology rose 0.9% on Tuesday, led by a gain of 6.2% for the shares of electronic equipment company Celestica Inc CLS.TO.
Heavily weighted financials added 0.8%, while the materials group was up 0.6% as copper prices HGc1 rose.
The price of oil CLc1 settled 1.8% lower at $69.50 a barrel and has given up nearly all of its advance since the start of the U.S.-Iran war at the end of February.
Energy dipped 0.2% and consumer staples .GSPTTCS ended 1.1% lower.
The TSX is set to be closed on Wednesday for Canada Day.

(Reporting by Fergal Smith in Toronto and Sruthi Shankar and Sudeshna Ghoshal in Bengaluru; Editing by Jonathan Ananda and Alistair Bell)
((fergal.smith@thomsonreuters.com; +1 647 480 7446))