Stock Markets April 22, 2026 04:30 PM

Canadian equities finish higher as Healthcare, Telecoms and Clean Technology lead gains

S&P/TSX Composite climbs 0.43% with Curaleaf, Rogers and Energy Fuels among the session's top advancers; oil and gold prices also rise

By Ajmal Hussain EFR DOO
Canadian equities finish higher as Healthcare, Telecoms and Clean Technology lead gains
EFR DOO

Toronto markets closed higher Wednesday, with the S&P/TSX Composite up 0.43% as strength in Healthcare, Telecoms and Clean Technology stocks propelled the advance. Curaleaf, Rogers Communications and Energy Fuels were the top performers, while Altus Group, BRP and Thomson Reuters weighed on the index. Commodity markets also moved notably, with crude oil and gold posting gains. Market breadth favored advancers and implied volatility for S&P/TSX options was marginally higher.

Key Points

  • The S&P/TSX Composite rose 0.43% at the close, driven by gains in Healthcare, Telecoms and Clean Technology.
  • Top individual winners included Curaleaf (TSX:CURA), Rogers Communications (TSX:RCIb) and Energy Fuels (TSX:EFR); major decliners included Altus Group (TSX:AIF), BRP (TSX:DOO) and Thomson Reuters (TSX:TRI).
  • Commodities strengthened during the session - June gold climbed 0.80% and June crude oil and Brent rose more than 3% each - while the Canadian dollar was largely unchanged versus the US dollar and euro.

Canadian equity markets ended the trading day in positive territory on Wednesday, with sector gains led by Healthcare, Telecoms and Clean Technology pushing the S&P/TSX Composite higher.

At the close in Toronto the S&P/TSX Composite was up 0.43%.

The session's leading individual performers included Curaleaf Holdings Inc (TSX:CURA), which surged 25.66% or 1.07 points to finish at 5.24. Rogers Communications Inc (TSX:RCIb) added 13.55% or 6.11 points to close at 51.21. Energy Fuels Inc. (TSX:EFR) also posted a double-digit percentage gain, rising 10.31% or 2.89 points to trade at 30.91 at the close.

On the downside, Altus Group Limited (TSX:AIF) recorded the largest decline among major names, falling 8.57% or 4.26 points to end the session at 45.42. BRP Inc (TSX:DOO) dropped 5.02% or 4.09 points to 77.31, while Thomson Reuters Corp (TSX:TRI) decreased 4.12% or 5.45 points to finish at 126.99.

Market breadth on the Toronto Stock Exchange favored rising stocks, with 637 issues closing higher compared with 335 that declined, and 78 remaining unchanged.

Volatility as measured by the S&P/TSX 60 VIX edged up 0.06% to 17.61, reflecting a small increase in implied volatility for options on the S&P/TSX Composite.

Commodities markets saw notable moves during the session. Gold Futures for June delivery rose 0.80% or 37.71 to settle at 4,757.31 per troy ounce. In energy markets, crude oil for June delivery climbed 3.28% or 2.94 to reach 92.61 a barrel, while the June Brent contract gained 3.09% or 3.04 to trade at 101.52 a barrel.

In foreign exchange trading, the Canadian dollar was essentially unchanged versus major peers. The CAD/USD pair moved by 0.06% to 0.73, and CAD/EUR was flat around 0.62 with a 0.26% move reported. The US Dollar Index Futures was up 0.20% at 98.42.

The close reflected selective sector strength amid broader modest gains, with commodities and currency markets also contributing to the session's market tone.

Risks

  • A modest rise in the S&P/TSX 60 VIX to 17.61 signals a slight increase in implied volatility for TSX options, which could introduce short-term market swings - this affects equity and options markets.
  • Significant upward moves in crude oil and Brent prices (both up about 3%) may create sector-specific volatility in energy-related stocks and broader market sensitivity to commodity price shifts.
  • Concentration of strong gains in a few large winners could leave the broader index vulnerable if those stocks reverse, impacting sectors such as Healthcare and Telecoms.

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