Miners and oil lift TSX

Allan Tong Posted On March 17, 2025

Monday extended Friday’s relief gains as all sectors of the TSX lifted the Canadian index by 0.94% or 231 points. Materials, energy and real estate performed the best as Suncor rose 2.15%, Whitecap 2.9%, Veren 2.85%, B2gold 8.45% and K92 Mining 6.8%. Gold itself returned to US$3,000 after climbing US$17, while WTI edged 0.33% higher to US$67.50.

To a lesser extent, American stocks rallied: the S&P up 0.64%, the Nasdaq 0.31% and the Dow 0.85%. Key names included Intel jumping 6.82%, Enphase Energy 9.75%, AES 6.01% and Nvidia -1.76% a day before the CEO delivers a keynote address. The U.S. slightly declined to 4.29% while Bitcoin added 1.1% to US$84,130. The tariff war was relatively quiet today with no major news coming from Washington, Ottawa, Mexico, China or the EU by the closing bell.

🛢 Suncor Energy Inc (SU-T) +2.15%

🛢 Whitecap Resources (WCP-T) +2.9%

🛢 Veren (VRN-T) +2.85%

🥇 B2Gold Corp. (BTO-T) +8.45%

⛏ K92 Mining Inc (KNT-T) +6.8%

💾 Intel (INTC-Q) +6.82%

⚡ Enphase Energy (ENPH-Q) +9.75%

🧬 AES (AES-N) +6.01%

💾 NVIDIA Corporation (NVDA-Q) -1.76%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.1%