S&P/TSX 60 Soars 1.6% as Advance-Decline Ratio Hits 3.5x; Magna Leads Gains!
The Canadian equity market experienced a positive shift today, with the S&P/TSX 60 index rising 1.6%. Over the past week, the index has gained 1.83%, despite a slight monthly decline of 0.03%. Notable performers included Kinross Gold Corp. and Magna International, which saw returns of 6.33% and 18.94%, respectively. In contrast, TELUS Corp. and Colliers International faced declines. The market's advance-decline ratio of 3.5x, particularly strong in small-cap stocks at 4.16x, indicates robust market breadth and positive investor sentiment.
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