TSX Today: What to look for in stocks on Tuesday, December 30

TSX Today: What to look for in stocks on Tuesday, December 30

Canadian stocks fell for a second straight session on Monday as big intraday declines in metal prices and year-end rebalancing led to modest profit-taking among investors looking to lock in 2025’s strong gains. The S&P/TSX composite index gave up 103 points, or 0.3%, to reach 31,897, but remained near record highs.

Even as a rebound in oil and gas prices lifted energy stocks, weakness in many other key sectors, especially metals mining and healthcare, dragged the broader index lower.

Top TSX Composite movers and active stocks

Bit farms, Eternal sources, CuraleafAnd Lithium America were the worst performing TSX stocks of the day, each down more than 6%.

Shares of AltaGas (TSX:ALA) also fell after the Calgary-based energy infrastructure company announced the ratification of a new five-year labor agreement at its Ridley Island Propane Export Terminal.

Although the deal ends a 28-day disruption, union workers did not return to work until December 25, raising near-term concerns about AltaGas’ recent operational pressures. The company had managed to maintain exports during the strike with the help of management staff, but uncertainty over working conditions may have weighed on investor sentiment. However, on a year-over-year basis, ALA stock is still up 26%.

On the other hand, TerraVest Industries, Teck Resources, Peyto exploration and developmentAnd B.C rose at least 1.8% each, making them the day’s top gainers on the Toronto Stock Exchange.

According to the exchange’s daily trading volume data, TC Energy, Canadian natural resources, Cenovus energy, TelusAnd TD bank stood out as the most active stocks.

TSX today

Commodity prices were largely positive in early Tuesday trading, with crude oil, silver and copper heading higher on global markets. This could provide a modest boost to today’s resource-heavy TSX sectors, especially materials and energy.

While there are no major domestic economic releases this morning, Canadian investors may want to keep a close eye on the latest Federal Open Market Committee (FOMC) minutes, due later today. The release could provide further clarity on the US Federal Reserve’s interest rate outlook heading into 2026 – a key factor for both equity and commodity markets.

Market movements on the TSX today

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