Stock Markets March 24, 2026

Toronto market edges higher as clean-tech, energy and materials lead gains

S&P/TSX Composite closes up 0.18%; Methanex, Boralex and 5N Plus among top performers

By Leila Farooq MX BLX MDA DOL
Toronto market edges higher as clean-tech, energy and materials lead gains
MX BLX MDA DOL

Canada's main stock index closed modestly higher on Tuesday as advances in the Clean Technology, Energy and Materials sectors lifted the S&P/TSX Composite by 0.18%. A handful of large movers drove much of the session's momentum, while volatility measures ticked up and commodity prices rose alongside a firmer US dollar index.

Key Points

  • S&P/TSX Composite closed up 0.18% as Clean Technology, Energy and Materials led gains.
  • Largest winners included Methanex (MX), Boralex (BLX) and 5N Plus (VNP); largest decliners included MDA (MDA), Dollarama (DOL) and Kinaxis (KXS).
  • Commodities strengthened with June gold futures and crude oil rising, while the S&P/TSX 60 VIX ticked up to 20.01.

Toronto equity markets finished the trading day in positive territory on Tuesday, with the S&P/TSX Composite gaining 0.18% at the close.

Sector strength in Clean Technology, Energy and Materials underpinned the advance, with several individual stocks posting notable moves.


Top and bottom movers

The session's leading gainer was Methanex Corporation (TSX:MX), which climbed 9.24% - up 6.84 points to finish at 80.84. Boralex Inc (TSX:BLX) rose 7.49% - up 2.30 points to end at 33.00, while 5N Plus Inc. (TSX:VNP) advanced 7.11% - up 2.21 points to close at 33.28.

On the downside, MDA Ltd (TSX:MDA) fell 9.96% - down 4.46 points to 40.30 at the close. Dollarama Inc (TSX:DOL) dropped 9.60% - down 17.92 points to finish at 168.66, and Kinaxis Inc (TSX:KXS) declined 4.39% - down 6.15 points to 133.99.


Market breadth and record levels

Advancers outnumbered decliners on the Toronto Stock Exchange by 545 to 404, with 86 issues unchanged. Shares of Methanex reached five-year highs with the gain to 80.84. Boralex shares hit 52-week highs at 33.00, and 5N Plus reached all-time highs closing at 33.28.


Volatility and fixed-income indicators

The S&P/TSX 60 VIX, which tracks implied volatility for S&P/TSX Composite options, increased 1.21% to 20.01.


Commodities and currencies

Gold futures for June delivery were up 1.34% - rising 59.62 to $4,499.12 a troy ounce. In energy markets, crude oil for May delivery increased 0.91% - up 0.80 to $88.93 a barrel, while the June Brent contract gained 0.78% - up 0.75 to $96.67 a barrel.

On the currency front, CAD/USD was unchanged 0.20% to 0.73, and CAD/EUR was unchanged 0.14% to 0.63. The US Dollar Index Futures moved higher by 0.28% to 99.00.


Takeaway

The Toronto market's modest close reflected concentrated strength in a few sectors and names, while volatility and commodity prices rose modestly. Market breadth showed more advancing than declining issues, and several companies reached multi-year or all-time highs by the session's end.

Risks

  • Elevated single-stock moves create concentration risk for the session's gains, which may be sensitive to company-specific developments - this primarily affects equities in Clean Technology, Energy and Materials sectors.
  • Rising implied volatility, with the S&P/TSX 60 VIX up 1.21% to 20.01, indicates increased option-market uncertainty that could translate into wider swings in Canadian equities.
  • Movements in commodity prices and the US Dollar Index may introduce uncertainty for resource-linked sectors and export-exposed firms if the trends reverse.

More from Stock Markets

Mexican equities climb as industrial and consumer names lead gains Mar 24, 2026 Baltimore Sues xAI, Alleging Grok Produces Nonconsensual Sexual Images Including Minors Mar 24, 2026 Colombian equities finish higher as COLCAP inches up 0.31% Mar 24, 2026 MOEX edges higher as Oil & Gas, Manufacturing and Telecom names lead gains Mar 24, 2026 Jury Finds Meta Violated New Mexico Consumer Law, Orders $375 Million Penalty Mar 24, 2026