An intraday recovery in commodity prices helped Canadian stocks maintaining positive momentum on Thursday, even as Federal Reserve Chairman Jerome Powell emphasized a cautious approach to monetary policy adjustments. THE S&P/TSX Composite Index advanced 61 points, or 0.2%, to 25,050, settling above the key 25,000 level for the first time ever.

In his speech on the economic outlook, Powell highlighted that, despite the economy’s resilience, there is “no need to rush to cut rates,” indicating that the Fed remains focused on balancing inflation control and economic growth. These comments led to a massive sell-off technological stocks. Nonetheless, gains in other key areas sectors like energy, mining and utilities propelled the TSX to a record close.

Main movements and active actions of the TSX Composite

Atkins GroupRéalis (TSX:ATRL) rose 15.7% to $74.24 per share, making it the best performing stock on the TSX for the day. This sharp rise in ATRL shares began after the Montreal-based professional services and project management company reported its upbeat quarterly financial results. results.

During the quarter ended September 2024, AtkinsRéalis recorded an 11.4% year-over-year (year-over-year) increase in total revenue to $2.4 billion. dollars. More importantly, strong profitability in its engineering services helped the company post a solid 65.8% year-over-year jump in adjusted quarterly profit to $0.63 per share, beating analysts’ expectations. of $0.59 per share. Year to date, ATRL stock is now trading with solid gains of 74%.

Primary Resources also jumped more than 15% to $31.46 per share after announcing a $3.3 billion asset sale to Ovintivincluding its Karr, Wapiti and Zama properties.

Vermilion Energy, Kelt ExplorationAnd NovaGold Resources were also among the best performers of the day on the Toronto Stock Exchangeeach increasing by at least 6%.

On the other hand, Aya Gold and Silver The stock crashed 20% to $11.80 per share after releasing a mixed third-quarter report. In the September quarter, the company’s silver production fell 31% year-on-year to 355,927 ounces, with revenue down 6% to $11 million due to lower grades and of a delayed cement backfill problem.

Matr, ShopifyAnd Open text also fell at least 4.8% each, placing them among the worst-performing TSX stocks of the session.

Based on their daily trading volume, Manulife Financial, Enbridge, Cenovus Energy, Suncor EnergyAnd before our era were the five most active stocks on the stock market.

The Toronto Stock Exchange today

Natural gas and West Texas Intermediate crude oil futures were bearish early Friday morning, which could put pressure on the TSX. energy values at the opening today.

While no major national economic releases are expected, Canadian investors will be watching monthly U.S. retail sales data this morning.

As for corporate events, companies listed on the TSX MDA space will announce its latest quarterly results today. Street analysts expect the company to report earnings of $0.15 per share for the September quarter on revenue of $277.3 million.

Market participants on the TSX today