TSX Today: What to look for in stocks on Friday, December 12

TSX Today: What to look for in stocks on Friday, December 12

Stronger commodity prices and optimism around rate cuts helped Canadian stocks rise for a third straight session on Thursday, as investors continued to respond positively to recent signals from the central bank. The S&P/TSX composite index rose 170 points, or 0.5%, to 31,661, hitting another record and extending the December rally.

Despite weakness in some technology stocks, most other major market sectors rose, with metals and mining, healthcare and industrial stocks leading the TSX rally.

Top TSX Composite movers and active stocks

TerraVest Industries (TSX:TVK) soared more than 22% to $157.03 per share, making it the best-performing TSX stock of the day. This rally in TVK shares came after the Vegreville-based company posted a boom in the fourth quarter and full year results (ended September), including a 50% jump in annual revenue to $1.37 billion and a 34% increase in net profit to more than $98 million.

Last quarter, TerraVest’s adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) also increased 40% year over year, driven by contributions from recent acquisitions and strong demand in key segments. Additionally, TerraVest announced a 14% dividend increase, sparking a buying spree. On a year-over-year basis, TVK shares are now up almost 41%.

Eternal sources, New goldAnd First majestic silver were also among the day’s biggest gainers on the Toronto Stock Exchange, as they rose at least 6.9% each.

Despite broader market optimism, shares of Empire Company (TSX:EMP.A) plummeted more than 9% to $46.52 per unit after the grocer reported weaker-than-expected second-quarter (ending October) earnings.

Empire Company’s net profit fell 8% year-over-year in the latest quarter, while adjusted EBITDA fell 3% despite a 2.8% increase in total revenue. Higher retail and supply chain costs, along with a decrease in costs Crombie REIT the profits weighed on Empire’s profitability and hurt investor sentiment.

Premium brands, TelusAnd Parex Resources also fell at least 3.7% each, making them among the worst-performing TSX stocks of the session.

Based on their daily trading volume Canadian natural resources, Cenovus energy, Telus, Suncor EnergyAnd Toronto Dominion Bank were the five most active stocks on the stock exchange.

TSX today

Commodity prices were largely mixed in early trading on Friday, pointing to a flat open for the key commodity index TSX today.

While there are no major economic releases planned this morning, investor attention could shift to broader global trading signals and commodity trends for direction. Overall, with the TSX hitting another record high and confidence growing around further rate cuts in 2026, sentiment could continue to favor risky assets in the near term.

Market movements on the TSX today

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