TSX Today: What to look for in stocks on Wednesday, December 24

Rising crude oil and metals prices helped Canadian stocks rise for a fourth straight session on Tuesday, even as much stronger-than-expected US GDP (gross domestic product) data for the third quarter raised doubts about how quickly rates could fall further in 2026. S&P/TSX composite index rose 59 points, or 0.2%, to settle at 32,069 – hitting a new all-time high for the third day in a row.

While shares of real estate, consumer discretionary and technology companies traded weakly, mainly due to changing interest rate expectations, renewed strength in healthcare, utilities and other commodity-linked market sectors continued to propel the TSX to a new record high.

Top TSX Composite movers and active stocks

Bausch Health, NFI group, Birchcliff energyAnd Ivanhoe Mines were the best performing TSX stocks of the day, up at least 3.1% each.

However, despite broader market optimism, shares have risen Strathcona Springs (TSX:SCR) fell over 15% to $29 per share, making it the worst performing TSX stock of the day. This sharp decline in SCR shares came after the Calgary-based energy company began trading ex-distribution following the completion of its previously announced $10 per share special cash distribution.

With the one-time payout reflected in Strathcona’s share price, investors have adjusted valuations accordingly, which could be the main reason for the sharp pullback, despite the company outlining a stronger balance sheet, lower debt and improved liquidity through 2026. Despite the recent weakness, SCR shares are still up 5% this year.

Silvercorp Metals, Lithium AmericaAnd 5N Plus were also among the session’s worst performers on the Toronto Stock Exchange, as they fell at least 3% each.

According to the exchange’s daily trading volume data, Canadian natural resources, Cenovus energy, Suncor Energy, TC EnergyAnd Telus were the five most active Canadian stocks.

TSX today

Copper and silver prices continued to rise in early Wednesday trading, while oil and gold moved sideways amid mixed signals from global markets. Given these mixed commodity trends, the TSX could see a more balanced open today, with commodity stocks remaining the focus but gains likely to be more sector-specific.

In addition to the domestic monthly budget balance data, Canadian investors may also want to keep an eye on the weekly U.S. unemployment benefits report this morning. Overall, markets on both sides of the border could see lighter trading volumes today as they close early ahead of the Christmas holidays.

Market movements on the TSX today