RY 180.75 0.3776% SHOP 170.81 2.5763% TD 102.38 0.2448% ENB 61.7 -0.532% BN 92.05 0.0217% BAM 85.94 -0.2785% TRI 279.96 -0.1249% BMO 156.51 0.5331% CSU 4876.3501 0.6311% CP 104.75 0.8569%
RY 180.75 0.3776% SHOP 170.81 2.5763% TD 102.38 0.2448% ENB 61.7 -0.532% BN 92.05 0.0217% BAM 85.94 -0.2785% TRI 279.96 -0.1249% BMO 156.51 0.5331% CSU 4876.3501 0.6311% CP 104.75 0.8569%

Canadian Stocks Clocked Fresh Record High

By: Team Kalkine | May 27, 2025 | Read Time : 10 Mins
Canadian Stocks Clocked Fresh Record High

Image Source : Krish Capital Pty Ltd

Index Update: The S&P/TSX Composite Index closed up 0.75% at a fresh record high of 26073 on Monday, buoyed by a broadly positive market sentiment as investors welcomed President Trump’s decision to postpone a planned 50% tariff on EU imports, delaying it until July 9th.

Macro Update: Canada's manufacturing sales are expected to decline by 2% in April, following a 1.4% drop in March. Preliminary data points to significant losses in the petroleum and coal products sector, as well as in motor vehicle manufacturing.

Top Movers and Losers: Among individual movers, ATS Corporation surged over 20%, with Brookfield (2.3%) and Shopify (2.7%) also ranking among the top performers. On the downside, Ivanhoe Mines was the session’s biggest decliner, sliding nearly 16% after suspending operations in Congo due to seismic activity.

Our Stance: Despite the modest uptick, there appears to be further upside potential if buying interest continues. However, the index is currently testing a key support level near 25,800. Maintaining this threshold is crucial to sustaining the bullish trend. A drop below could trigger a short-term pullback, with subsequent support levels at 25,600 and 25,400. Holding above these markers will be vital to avoid broader downside pressure.

Commodity Update: The dollar remained weak Tuesday amid investor worries over a major U.S. tax and spending bill that could worsen the national debt. Global stocks and the euro rose Monday while U.S. markets were closed. Focus shifts to Senate debates on Trump’s tax-cut plan. Gold fell 0.68% to $3,370.90, silver 0.28% to 33.54, and copper 0.24% to 9599.20. Brent crude dipped 0.12% to $64.62 ahead of an OPEC+ meeting.

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AI-generated content may be incorrect.

Technical Update: The S&P/TSX Composite Index gained 193.18 points on Monday, closing at 26,073.13 a 0.75% increase that signals sustained investor confidence and healthy market participation. The technology sector led the charge, rising 1.58%, contributing significantly to the day's performance. From a technical perspective, the index remains comfortably above its 21-period Simple Moving Average (SMA), reinforcing the bullish momentum. Despite the modest uptick, there appears to be further upside potential if buying interest continues. However, the index is currently testing a key support level near 25,800. Maintaining this threshold is crucial to sustaining the bullish trend. A drop below could trigger a short-term pullback, with subsequent support levels at 25,600 and 25,400. Holding above these markers will be vital to avoid broader downside pressure.


Disclaimer-

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.