TSX Today: What to look for in stocks on Monday, December 29

TSX Today: What to look for in stocks on Monday, December 29

Canadian stocks fell slightly from their record highs on Wednesday as lighter holiday trading volumes and mixed commodity prices kept investors on the sidelines. After a four-session winning streak, the S&P/TSX composite index fell 59 points, or 0.2%, to close at 32,000.

Even as real estate and financial stocks trended higher, sharp intraday declines in some key sectors such as healthcare, mining and energy weighed on the broader index.

Still, with a 0.8% gain through the first three days of the week, the TSX benchmark ended its third straight weekly gain, underscoring the market’s strong close through 2025.

Top TSX Composite movers and active stocks

Eternal sources, Zeebrug gold, NGEx MineralsAnd IAMGOLD were the worst performing TSX stocks of the day, down at least 2.5% each.

Shares of Bausch Health Companies (TSX:BHC) also fell 2% to $9.84 apiece after the Laval-based healthcare giant announced the final results of its debt conversion offers. The company said approximately $2.7 billion of its existing senior secured notes due 2028 have been tendered, while approximately $1.6 billion is expected to be exchanged for new 10% senior secured notes due 2032.

While this transaction could extend maturities and simplify Bausch’s debt profile, it also leaves the new notes with relatively high interest rates. Investors appeared cautious about the costs of refinancing and the overall impact on leverage. Despite the recent weakness, BHC shares are up nearly 11% so far in December.

On the other hand, Brookfield Business Partners, Celestica, Cargo jetAnd Northland Power rose at least 1.5% each, making them the session’s top performers on the Toronto Stock Exchange.

Based on their daily trading volume Telus, Canadian natural resources, TC Energy, Cenovus energyAnd B2Gold were the five most active stocks on the stock exchange.

TSX today

Although the Canadian stock market remained closed for Boxing Day on Friday, metal prices continued to rise sharply in global trading, helping to set a constructive tone for the TSX mining stocks open today. However, weaker crude oil prices in early Monday trading could limit gains for energy stocks and weigh slightly on the broader index.

While there are no major domestic economic releases in the pipeline, Canadian investors may want to keep an eye on the latest U.S. home sales this morning.

With only a few trading sessions left this year, market activity may remain relatively subdued on both sides of the border, but any sector-specific move could still impact the year-end direction of the TSX as it is currently trading with solid gains of 29.4% this year.

Market movements on the TSX today

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