The Canadian stock market appears poised to conclude its third consecutive session on a positive note, with robust performances observed in the communications, real estate, and industrial sectors.
In addition, select equities in the technology, financials, healthcare, energy, consumer staples, and utilities sectors have also shown significant advancements.
The benchmark S&P/TSX Composite Index has increased by 171.55 points or 0.69%, bringing it to 25,069.58.
Hut 8 Corp (HUT.TO) continues its impressive streak, rising by 8.75%. Canadian Tire Corporation (CTC.TO) has increased by 7%, while Aritzia Inc (ATZ.TO) has appreciated by approximately 5.8%.
Despite Rogers Communications Inc (RCI.A.TO) adjusting its revenue projections downward, the stock is up 4.7%. The company has lowered its full-year service revenue growth forecast due to lower-than-anticipated fourth-quarter media revenue. For the entire year, Rogers now forecasts an annual service revenue growth slightly above 7%, down from its previous guidance of 8% to 10%.
Other notable gainers include Nutrien (NTR.TO), Bombardier Inc (BBD.B.TO), Celestica Inc (CLS.TO), Cargojet (CJT.TO), RB Global (RBA.TO), Onex Corporation (ONEX.TO), and Dayforce (DAY.TO), each rising between 2% and 4%.
Additional progress has been recorded by National Bank of Canada (NA.TO), Colliers International (CIGI.TO), FirstService Corporation (FSV.TO), Shopify Inc (SHOP.TO), Franco-Nevada Corporation (FNV.TO), Thomson Reuters (TRI.TO), and George Weston (WN.TO), with gains ranging from 1% to 1.8%.
The material has been provided by InstaForex Company -
www.instaforex.com
