Even as a rally in metals prices lifted shares of metals and mining companies and utility stocks saw new buying, sharp declines in most other major market sectors, including healthcare, real estate and consumer cyclical sectors, dragged the TSX benchmark down.
Top TSX Composite movers and active stocks
Bombardier, Energy fuels, Zeebrug goldAnd Lithium America were the worst performing TSX stocks of the day, each down at least 6.9%.
On the plus side, mining stocks like it NovaGold Resources, Ivanhoe MinesAnd Eldorado gold each rose at least 4.5%, making them the best-performing TSX stocks of the day.
Shares of Allied gold (TSX:AAUC) also rose 4% to $43.40 each, putting it among the top gainers on the Toronto Stock Exchange. This rally in AAUC stock came after the Canadian miner revealed it had agreed to do so bought Through Zijin Gold International in an all-cash deal worth approximately $5.5 billion.
Under the agreement, Allied Gold shareholders will receive $44 per share, representing a premium of approximately 27% to the stock’s 30-day volume-weighted average price. The transaction is expected to close by the end of April 2026, following receipt of necessary regulatory and shareholder approvals. Investors welcomed the certainty of the cash offer and the significant premium. Interestingly, AAUC stock is up nearly 263% over the past twelve months.
Based on their daily trading volume Enbridge, B2Gold, Canadian natural resources, Ivanhoe MinesAnd Whitecap Resources were the five most active stocks on the stock exchange.
TSX today
Precious metals prices traded bullish early Tuesday morning, with the gold spot hovering around US$5,100 per ounce, indicating potential early strength in the TSX mining stocks open today.
While no major domestic economic data is on the horizon, Canadian investors will be keeping a close eye on the latest U.S. consumer sentiment data this morning. The report could provide insight into U.S. consumer spending patterns and influence broader market sentiment in North American indices.
More importantly, investors are eagerly awaiting the first interest rate decisions of the year from the Bank of Canada and the US Federal Reserve, both scheduled for tomorrow. Market participants do not expect immediate interest rate changes, but the tone of policy statements and press conferences could significantly influence expectations for rate cuts later this year.
On the corporate events side: the TSX-listed retailer Subway (TSX:MRU) will release its latest quarterly earnings report today. Bay Street analysts expect the company to post earnings of $1.20 per share on revenue of $5.27 billion for the December quarter.
Market movements on the TSX today
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