Canadian stocks continued to climb for the fourth consecutive session on Monday as investors awaited the important domestic consumer inflation report scheduled to be released on Tuesday. Even as crude oil prices continued to decline, the S&P/TSX Composite Index advanced by 78 points, or 0.3%, on the first day of the week to settle at 22,752 — posting another fresh all-time high on a closing basis.
On the one hand, shares of consumer and utility companies witnessed weakness. On the other hand, solid gains in other main sectors like mining and real estate drove the TSX benchmark upward.
Top TSX Composite movers and active stocks
Stelco Holdings (TSX:STLC) rocketed by 74% to $65 per share, making it the top-performing TSX stock for the day. These massive single-day gains in STLC stock came after the American giant Cleveland-Cliffs announced intentions to acquire the Hamilton, Ontario-based Stelco for $70 per share, totalling about $3.4 billion.
The offer includes $60 in cash and 0.454 Cliffs shares per Stelco share, reflecting an 87% premium to Stelcoâs last weekâs closing price. In a press release, the Canadian steelmaker also highlighted the fact that its major shareholders, with nearly 45% of its shares, already support the deal, which is likely to close in the fourth quarter of 2024 after getting all required approvals. STLC stock is now up around 30% on a year-to-date basis, extending its five-year gains to more than 400%.
Algoma Steel, Filo, and Kinaxis were also among the top performers on the Toronto Stock Exchange, inching up by at least 5% each.
On the flip side, Canada Goose, Brookfield Renewable, Ballard Power Systems, and First Quantum Minerals dived by at least 4% each, making them the dayâs worst-performing TSX stocks.
Based on their daily trade volume, Canadian Natural Resources, TD Bank, TC Energy, Suncor Energy, and Royal Bank of Canada were the most active stocks on the exchange.
TSX today
West Texas Intermediate crude oil futures prices continued to extend their losses for the third consecutive session early Tuesday morning, while gold and silver prices were bullish. Given these mixed signals from the commodity markets, the resource-heavy main TSX index could remain flat at the open today.
In addition to the domestic consumer inflation data, Canadian investors will also closely monitor monthly retail sales numbers from the United States this morning, which could give further direction to stocks.
Market movers on the TSX today
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The post TSX Today: What to Watch for in Stocks on Tuesday, July 16 appeared first on The Motley Fool Canada.
週一，加拿大股市連續第四天上漲，投資者正在等待重要的國內消費者通脹報告，該報告計劃於週二發佈。儘管WTI原油價格繼續下跌，但週一，S&P/TSX綜合指數上漲78點，或0.3%，收於22752點，再次創下收盤新高。
一方面，消費者和公用事業公司股票下跌，另一方面，礦業和房地產等其他主要板塊的股票上漲，推動了TSX指數上揚。
TSX綜合指數的熱門股票和活躍股
Stelco Holdings (TSX:STLC)以每股65美元的價格大幅上漲74%，成爲當天TSX表現最佳的股票。這些股票在美國巨頭Cleveland-Cliffs宣佈意圖以每股70美元的價格收購總部位於安大略省漢密爾頓的Stelco之後一舉大漲。這將使STLC股票的市值達到約34億美元。收購價格包括每股60美元的現金以及0.454股Cliffs股票。在新聞公開後，該加拿大鋼鐵製造商強調了其主要股東已經支持交易，這些股東擁有近45%的股份。該交易將在獲得所有必要批准後於2024年第四季度關閉。STLC股票年初至今上漲約30%，五年上漲超過400%。
Algoma Steel、Filo和Kinaxis也是多倫多證券交易所的表現最佳的股票之一，它們的漲幅至少爲5%。
相反，加拿大鵝、Brookfield Renewable、Ballard Power Systems和First Quantum Minerals的股票下跌至少4%，成爲當天表現最差的TSX股票。
根據其每日交易量，加拿大自然資源、TD銀行、tc energy、森科能源和加拿大皇家銀行是交易所活躍度最高的股票。
西德克薩斯中質原油期貨價格連續第三個交易日下跌，而黃金和白銀價格則升高。鑑於商品市場的這些混合信號，資源主導的主要TSX指數可能在今天開盤時保持平穩。
TSX今日股市
除了國內消費者通脹數據之外，加拿大投資者還將密切關注美國本月的零售銷售數據，這可能會爲股市提供更進一步的指引。
《摩根士丹利》加拿大頻道：加拿大股市今日行情，7月16日星期二
TSX今日股票市場動態
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根據國內消費者通脹數據，加拿大股市連續第四天上漲，投資者正在等待週二發佈的重要數據。
