S&P/TSX 60 Jumps 1.26% as Telesat Corp. Soars 47.57% Amid Strong Market Rally

Aug 05 2026 03:15 PM IST
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The Canadian equity market experienced a positive day, with the S&P/TSX 60 index rising 1.26%, reflecting a steady upward trend over the past month. Notable performers included Celestica, Inc. and MDA Ltd., which posted returns of 12.91% and 13.34%, respectively, while Suncor Energy, Inc. and Brookfield Infrastructure Corp. faced declines. The small-cap sector saw Telesat Corp. soar by 47.57%. Overall, the market's advance-decline ratio was strong, with 407 stocks advancing compared to 198 declining, indicating robust investor sentiment across sectors.
S&P/TSX 60 Jumps 1.26% as Telesat Corp. Soars 47.57% Amid Strong Market Rally
The Canadian equity market showed positive momentum today, with the S&P/TSX 60 index rising by 1.26%. Over the past five days, the index has gained 0.5%, and it has increased by 1.97% over the last month, indicating a steady upward trend.
In terms of individual stock performance, Celestica, Inc. led the large-cap sector with a notable return of 12.91%, while Suncor Energy, Inc. lagged behind with a decline of 3.56%. The mid-cap segment saw MDA Ltd. shine with a return of 13.34%, contrasting with Brookfield Infrastructure Corp., which fell by 4.08%. The small-cap sector was dominated by Telesat Corp., which achieved an impressive return of 47.57%, while Bridgemarq Real Estate Services, Inc. faced a significant drop of 11.85%. Overall, the market's advance-decline ratio reflects a healthy environment, with 407 stocks advancing compared to 198 declining, resulting in a ratio of 2.06x. This positive sentiment is echoed in the mid-cap sector, where 45 stocks advanced against 16 that declined, yielding a robust ratio of 2.81x.

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