Stock Markets May 28, 2026 04:30 PM

Toronto market edges up as IT, Materials and Healthcare lead gains

S&P/TSX Composite finishes 0.31% higher amid mixed breadth, with select names posting double-digit moves

By Avery Klein GSY SHOP ATS CM

The S&P/TSX Composite closed higher by 0.31% as strength in the information technology, materials and healthcare sectors supported the market. Curaleaf, goeasy and Shopify were the session's top advancers, while ATS, Canadian Imperial Bank of Commerce and Chartwell Retirement Residences paced losses. Volatility as measured by the S&P/TSX 60 VIX fell to a three-month low and commodity and FX benchmarks recorded modest shifts.

Toronto market edges up as IT, Materials and Healthcare lead gains
GSY SHOP ATS CM

Key Points

  • S&P/TSX Composite rose 0.31% at the close, led by gains in information technology, materials and healthcare sectors.
  • Top individual advancers were Curaleaf (CURA +11.39%), goeasy (GSY +9.31%) and Shopify (SHOP +7.42%); largest decliners included ATS (ATS -14.27%), CIBC (CM -5.38%) and Chartwell (CSH_u -2.72%).
  • Market breadth was positive with 576 advancers, 405 decliners and 80 unchanged; S&P/TSX 60 VIX fell 3.94% to 13.65, a three-month low.

Canada's equity benchmark finished the trading day in positive territory on Thursday, with sector gains in information technology, materials and healthcare providing the headline lift.

At the close in Toronto, the S&P/TSX Composite advanced 0.31%.

The session's strongest performers included Curaleaf Holdings Inc (TSX:CURA), which jumped 11.39% - a gain of 0.50 points - to end at 4.89. Consumer finance provider goeasy Ltd (TSX:GSY) added 9.31%, rising 3.55 points to finish at 41.70. Shares of Shopify Inc (TSX:SHOP) also moved higher, up 7.42% or 10.94 points to close at 158.41 in late trade.

On the downside, ATS Corporation (TSX:ATS) led decliners with a drop of 14.27%, or 6.99 points, to close at 42.00. Canadian Imperial Bank Of Commerce (TSX:CM) declined 5.38%, slipping 8.58 points to 150.96. Chartwell Retirement Residences (TSX:CSH_u) fell 2.72%, down 0.56 points to 20.03 at the close.

Market breadth on the Toronto Stock Exchange was positive, with 576 advancing issues versus 405 decliners and 80 names unchanged.

Volatility as measured by the S&P/TSX 60 VIX eased 3.94% to 13.65, marking a new three-month low for that gauge.

Commodities registered mixed moves. Gold futures for August delivery rose 1.07% - up 48.05 - to $4,529.55 per troy ounce. In the energy complex, crude oil for July delivery ticked up 0.10% or $0.09 to $88.77 a barrel, while the August Brent contract increased 0.49% or $0.45 to $92.70 a barrel.

Currency markets showed modest change. The Canadian dollar versus the U.S. dollar was reported as unchanged 0.41% at 0.73, and CAD/EUR was reported as unchanged 0.22% at 0.62.

Finally, the US Dollar Index Futures was trading lower, down 0.18% at 98.97.


This close reflects selective strength among mid- and large-cap names across the TSX, with a small-cap healthcare name and established technology and consumer finance stocks among the largest percentage risers, while industrial components and financials weighed on the downside.

Risks

  • Concentration of large percentage moves among a few individual names increases idiosyncratic risk for portfolios exposed to those issuers - this primarily affects stock-specific positions in IT, healthcare and consumer finance sectors.
  • A sharp drop in individual stocks, such as ATS which fell 14.27%, could weigh on sector sentiment and amplify downside for industrial-related exposures.
  • Although volatility measures declined to a three-month low, sudden reversals in commodities or currency moves could reintroduce volatility to equity markets, impacting resource- and export-sensitive sectors.

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