Canadian Stocks Poised to Gain Further After Key Level Crossed

TMX Group headquarters in Toronto.

Photographer: Cole Burston/Bloomberg

Investors and market-watchers expect Canadian stocks to gain further after a major stock benchmark rode a 10-day winning streak to close above a key threshold on Tuesday, for the first time.

The S&P/TSX Composite Index ended Tuesday above 26,000, notching its third-straight record high on the back of its longest stretch of gainsBloomberg Terminal since 2021. The index edged lower in early Wednesday trading as stocks globally pared recent gains.