Stock Markets April 2, 2026

Toronto market edges up as energy, healthcare and tech stocks lift TSX

S&P/TSX Composite closes 0.46% higher; mixed moves in commodities and currencies accompany the rally

By Caleb Monroe
Toronto market edges up as energy, healthcare and tech stocks lift TSX

Canadian equities finished higher on Thursday, with gains concentrated in the Energy, Healthcare and Information Technology sectors propelling the S&P/TSX Composite up 0.46% at the close. A handful of individual names posted strong advances while several large-cap issues lagged. Market breadth was positive, volatility ticked higher and notable swings occurred in commodities and foreign-exchange rates.

Key Points

  • S&P/TSX Composite closed up 0.46%, led by gains in Energy, Healthcare and IT sectors.
  • Top individual winners included Transcontinental Inc (TSX:TCLa), Curaleaf Holdings Inc (TSX:CURA) and MDA Ltd (TSX:MDA); major losers included Rogers Communications Inc (TSX:RCIb), goeasy Ltd (TSX:GSY) and Air Canada (TSX:AC).
  • Market breadth was positive with 526 advancers and 425 decliners; volatility as measured by the S&P/TSX 60 VIX rose to 20.41.

Canadian stocks delivered a modest advance at Thursday's close as sector strength in Energy, Healthcare and Information Technology helped push the benchmark index higher.

At the Toronto close, the S&P/TSX Composite was up 0.46%.


Top performers

The session's biggest percentage gainer was Transcontinental Inc (TSX:TCLa), which jumped 8.64% - a rise of 0.45 points - to finish at 5.66. Curaleaf Holdings Inc (TSX:CURA) also posted a strong move, adding 8.04% or 0.25 points to close at 3.36. MDA Ltd (TSX:MDA) advanced 5.11%, up 1.84 points to end the day at 37.85.


Largest decliners

On the downside, Rogers Communications Inc (TSX:RCIb) led losses, falling 7.95% or 4.21 points to close at 48.76. goeasy Ltd (TSX:GSY) slipped 6.66%, a decline of 2.49 points, to 34.87. Air Canada (TSX:AC) was down 5.15%, or 0.97 points, finishing at 17.86.


Market breadth and volatility

Advancers outnumbered decliners on the Toronto Stock Exchange, with 526 stocks higher versus 425 in retreat; 83 issues finished unchanged. The S&P/TSX 60 VIX, which measures implied volatility for options on the S&P/TSX Composite, rose 1.14% to 20.41.


Commodities and energy contracts

In commodities trading, June gold futures moved lower, falling 2.42% or 116.59 to settle at 4,696.51 per troy ounce for the contract month. Crude oil for May delivery climbed 11.54% or 11.55 to finish at 111.67 a barrel, while the June Brent contract increased 7.45% or 7.54 to trade at 108.70 a barrel.


FX and indexes

On foreign-exchange markets, CAD/USD was unchanged at 0.72 with a listed change of 0.30%, and CAD/EUR was unchanged at 0.62 with a listed change of 0.15%. The US Dollar Index Futures rose 0.38% to 99.84.


Takeaway

Thursday's session saw selective strength concentrated in energy, healthcare and IT names, producing a modest lift for the S&P/TSX Composite while volatility edged up and commodities displayed notable directional moves. Market participation favored advancers, though several large-cap stocks recorded sharp declines.

Risks

  • Sharp declines in several large-cap names indicate stock-specific downside risk for sectors tied to those issuers, including telecommunications and consumer finance.
  • Rising implied volatility, as shown by the S&P/TSX 60 VIX, signals increased uncertainty in the options market that could affect trading costs and hedging strategies for equity-linked positions.
  • Notable swings in commodity prices - particularly oil and gold - could translate into near-term revenue and margin variability for energy and materials-related firms.

More from Stock Markets

Majors Signal Interest in Majority Stake of Shenandoah Deepwater Field as Sale Process Begins Apr 2, 2026 Atmus Filtration Rises After S&P SmallCap 600 Announcement Apr 2, 2026 Moscow Stocks Slip as Energy, Power and Manufacturing Weigh on Index Apr 2, 2026 Starbucks Finalizes China Joint Venture with Boyu, Eyes Major Store Expansion Apr 2, 2026 Regional Death Toll Rises as Iran Conflict Spreads Across Multiple Fronts Apr 2, 2026