Toronto Market Up Five Consecutive Sessions

The Canadian Vanguard Stock Market Report – Thursday November 27, 2025 Edition

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The Toronto Market

The S&P/TSX Composite Index gained 16.46 points (+0.05%) to close at 31,196.71. The TSX has now advanced for five consecutive trading sessions, which is a positive sign. Although today’s gain was modest compared to the previous session, it is important to note that U.S. markets were closed for Thanksgiving.

On days when the Toronto market is open but U.S. markets are closed, trading volume on the TSX typically declines. This suggests that many investors who actively trade on the Toronto market reside in the United States.

                                                                                                                                                                                                           

Toronto’s Market Statistics Today

At the TSX, advancing issues outnumbered declining issues by roughly seven to two. Specifically, there were 1,206 advancers and 609 decliners, resulting in an advancer-to-decliner ratio of 1.98 to 1, with 155 issues unchanged.

There were 184 new 52-week highs and 12 new 52-week lows, compared with 225 new 52-week highs and 18 new 52-week lows recorded yesterday.

Total trading volume on the TSX reached 157,176,996 shares, a decline of 62% from the 413,190,112 shares traded yesterday. The sharp drop in volume is attributed to U.S. Thanksgiving, as U.S. markets were closed today.

Toronto Market Wrap-Up Report

The TSX Index has risen for five consecutive sessions. With today’s gain, the index has fully recovered from the sharp decline seen last week Thursday. However, it remains a period for cautious trading. As U.S. markets were closed today for Thanksgiving, TSX trading volume was notably lower.

Market performance was broad-based. The top twenty performers represented a wide range of industries and sectors. While several gold and silver miners appeared among Thursday’s top performers, the group was not dominated by Basic Materials. The Technology Index led the market, with the Global Base Metals Index following closely behind.

The top five market movers by dollar gain, among companies trading more than 25,000 shares, were:

• Celestica Inc. (TSX: CLS) — up 0.97% or $4.52, closing at $471.80, with 69K shares traded.
• Bombardier Inc. Class B (TSX: BBD.B) — up 1.97% or $4.50, closing at $233.00, with 126K shares traded.
• Goeasy Ltd. (TSX: GSY) — up 2.93% or $3.88, closing at $136.09, with 60K shares traded.
• Hut 8 Corp. (TSX: HUT) — up 3.61% or $2.15, closing at $61.66, with 815K shares traded.
• Cargojet Inc. (TSX: CJT) — up 1.72% or $1.37, closing at $81.08, with 42.8K shares traded.

Readers may wish to consider these companies for their watchlists.

Market Outlook

With the TSX now posting five consecutive gains, momentum has shifted to the upside, but the sustainability of this trend will depend on broader market conditions when U.S. markets reopen. Lower volume during the holiday session makes today’s moves less indicative of true market conviction.

Investors will be watching closely for:

• U.S. market direction when trading resumes, which often influences the TSX’s short-term trajectory.
• Commodity price movements, especially in energy, precious metals, and base metals, as several related sectors have shown strength.
• Economic data releases expected over the next week, which may provide signals on inflation, interest rate expectations, and overall market sentiment.
• Corporate developments, as year-end positioning and tax-loss selling may introduce volatility in certain sectors.

Overall, while recent gains are encouraging, a cautious and selective approach remains prudent until trading volumes normalize and cross-border markets align.

Commodities (After-hours)   

Oil Price:     Crude Oil price was at $59.08 per barrel, as of the time (11:30 pm EDT, Thursday) of this post update.

Gold price is up $22.20, or 0.53%, at $4,187.40, while silver price is also up $0.90, or 1.71%, at $53.82 per ounce as of the time of this post update.

Bitcoin (BTC-USD) hit a peak of $88,000.  Bitcoin was trading at $91,675.12 up $218.80 or 0.24% as of the time of this post update.

10 –year Treasury Yield:   The Treasury yields is little changed as there is increased optimism for a rate cut by the Feds.  The 10-year yield is at 4.011%, as of the time (11:30 pm EDT, Thursday) of this post update.

After-hours action:  Stock Futures are up slightly Thursday evening. Dow Futures is up 52.00 points or 0.11% vs. fair value. S&P 500 futures is up 7.00 points or 0.10% at 6,835.00 and Nasdaq 100 futures is up 45.50 points or 0.18% at 25,347.75 as of the time (11:30pm EDT, Thursday) of this post update.

Note: The markets’ performance during the regular market session often bear little or no semblance to the futures readings the previous evening. Please use as data applicable at the time of capture only.