By Robb M. Stewart


Shares on Canada's main exchange hit a fresh high Thursday as strength in the financial sector led broad gains.

In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 0.3% higher at 33028.12. The index, which has climbed 33% over the last 12 months, during the session touched a new record at 33099.28.

The blue-chip S&P/TSX 60 was up 0.4% at 1925.39.

Bombardier was among the biggest single drivers for the session, rising 4.9% after the aircraft maker said it was investing to build a new manufacturing plant in Montreal to meet rising demand.

Heavily weighted financial stocks advanced as bank earnings season in the U.S. builds steam. Canadian Imperial Bank of Commerce led the big banks with a gain of 0.9%, and Fairfax Financial added 1.7%.

However, a pullback in gold and silver prices on new record highs and weakness in oil prices weighed on resources stocks. Barrick Mining and B2Gold fell 1.6% and 0.9%, respectively, while Canadian Natural Resources and Cenovus Energy each shed about 0.8%.


Other market movers:

AG Growth International's shares advanced 2.5% to C$28.59 after the company appointed Paul Brisebois, currently senior vice president of the North America farm and global portable segment, as interim chief executive as Paul Householder steps down for personal reasons.

Richelieu Hardware dropped 5.7% to C$39.56 despite the company raising its dividend following an increase in quarterly sales, buoyed by a string of recent acquisitions.

Titanium Transportation rallied 37% to C$2.17 after the transportation company said it agreed to a buyout offer from management and big shareholder Trunkeast Investments Canada at C$2.22 a share in cash.

Fortuna Mining declined 1.5% to C$14.11 after the precious metals miner forecast 2026 production of between 281,000 and 305,000 gold equivalent ounces, which would represent a rise of 1% to 5% from continuing operations.


Write to Robb M. Stewart at robb.stewart@wsj.com


(END) Dow Jones Newswires

01-15-26 1246ET