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Stock Markets March 31, 2026

Toronto Stocks Climb as Materials, Healthcare and IT Lead Gains

S&P/TSX Composite advances 2.61% with broad participation; miners and cannabis names among top risers

By Caleb Monroe USA MX
Toronto Stocks Climb as Materials, Healthcare and IT Lead Gains
USA MX

Canada's equity market closed higher as gains concentrated in Materials, Healthcare and Information Technology sectors propelled the S&P/TSX Composite up 2.61%. Market breadth favored advancers by more than four to one, while commodity and currency moves showed mixed signals at the close in Toronto.

Key Points

  • S&P/TSX Composite rose 2.61% at the close in Toronto, driven by gains in Materials, Healthcare and IT sectors.
  • Market breadth favored advancing stocks 812 to 192, with 42 issues unchanged, indicating broad participation in the rally.
  • Top individual gainers included G Mining Ventures (GMIN), Curaleaf (CURA), and Americas Silver (USA); notable decliners included Methanex (MX), Advantage Oil & Gas (AAV), and Tourmaline (TOU).

Canadian equities finished the trading session higher on Tuesday, with the S&P/TSX Composite registering a 2.61% gain at the close in Toronto. Strength in the Materials, Healthcare and Information Technology sectors contributed to the advance.

Market breadth was decisively positive. Advancing issues outnumbered decliners by 812 to 192, and 42 stocks were unchanged at the close, indicating widespread participation among listed names.

Top performers

  • G Mining Ventures Corp (TSX:GMIN) led the session's gains, rising 13.64% or 5.86 points to finish at 48.82.
  • Curaleaf Holdings Inc (TSX:CURA) also climbed 13.64% or 0.36 points to end at 3.00.
  • Americas Silver Corp (TSX:USA) advanced 12.21% or 0.79 points to close at 7.26.

Lagging issues

  • Methanex Corporation (TSX:MX) was the largest decliner among the major laggards, falling 4.72% or 4.11 points to 82.89 at the close.
  • Advantage Oil & Gas Ltd. (TSX:AAV) declined 3.61% or 0.42 points to finish at 11.23.
  • Tourmaline Oil Corp. (TSX:TOU) slipped 3.41% or 2.35 points to end the session at 66.58.

Volatility and market signals

The S&P/TSX 60 VIX, a gauge of implied volatility for S&P/TSX Composite options, decreased 6.06% to 21.10, signaling lower option-implied volatility at the close.

Commodities and currencies

  • Gold futures for June delivery were higher, up 3.14% or 143.00, settling at 4,700.50 per troy ounce.
  • Crude oil for May delivery fell 1.32% or 1.36 to 101.52 a barrel.
  • The June Brent contract decreased 3.49% or 3.75 to trade at 103.64 a barrel.
  • The Canadian dollar showed little movement versus major currencies: CAD/USD was essentially unchanged, moving 0.08% to 0.72, while CAD/EUR was unchanged 0.74% to 0.62.
  • The US Dollar Index Futures was lower by 0.69% at 99.67.

Overall, the session closed with the S&P/TSX Composite higher, a majority of issues advancing, and notable moves in commodity markets and implied volatility measures. The sector-level gains were concentrated in Materials, Healthcare and IT, while several energy-related names and one major chemical producer finished lower.

Risks

  • Crude oil prices fell - May and June contracts declined, which can weigh on energy-sector stocks such as Advantage Oil & Gas (AAV) and Tourmaline Oil (TOU).
  • Implied volatility as measured by the S&P/TSX 60 VIX decreased 6.06% to 21.10, which may reflect lower option-implied volatility and could affect hedging costs across the market.
  • Movements in precious metals and the US Dollar Index Futures - with gold rising and the US Dollar Index Futures down 0.69% - introduce mixed commodity and currency dynamics that can create sector-specific uncertainty for materials and export-oriented firms.

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