TSX climbs after Liberal victory

Canadian stocks modestly rose after the Liberals won the federal election, securing at least a minority government. The TSX more or less baked in the outcome based on weeks of polling leading up to Monday’s vote. The TSX advanced 0.31% as eight sectors rose, led by healthcare, discretionary, telcos and financials. Materials declined the most.

Most influential were TD, rising 1.02% and Royal Bank by 1.24%. Other major movers: Whitecap Resources -1.81%, Kelt Exploration -3.67% and Brookfield Business Partners 3.86%. Gold gave back US$24 to US$3,319 while WTI sank 2.9% to US$60.25 a barrel.

Like recent sessions, Wall Street swung between positive and negative on hopes and worries over Trump’s ongoing tariffs. Ultimately, the S&P closed 0.58% higher, the Nasdaq 0.55% and the Dow 0.75%. Key names included Amcor at -3.12%, Pfizer 3.21%, Tesla 2.15%, NXP Semiconductor -6.95% and Regeneron -6.87%. The U.S. 10-year yield fell to 4.175% while Bitcoin modestly rose to US$94,945.

🏛 Toronto Dominion (TD-T) +1.02%

🏛 Royal Bank (RY-T) +1.24%

🛢 Whitecap Resources (WCP-T) -1.81%

🛢 Kelt Exploration (KEL-T) -3.67%

🏛 Brookfield Business Partners L.P. (BBU-N) +3.86%

📦 Amcor PLC (AMCR-N) -3.12%

💉 Pfizer Inc (PFE-N) +3.21%

🚗 Tesla Inc (TSLA-Q) +2.15%

🧬 NXP Semiconductors (NXPI-Q) -6.95%

💊 Regeneron Pharmaceuticals Inc (REGN-Q) -6.87%