Archive · 9 Aug 2025
TSX Posts Biggest Weekly Gain Since September on Corporate Earnings
The Canadian stock market, called the TSX, had a good week, going up 2.7%, even though it ended a little down on Friday.
This was its best week since last September.
Companies' earnings reports were mostly good, especially for Shopify.
Open Text also did well.
However, Sun Life Financial had a bad day.
Experts think the market is doing well because of these good earnings, though some data suggests the economy might be slowing down.
Canada's TSX index ended slightly lower on Friday but gained 2.7% for the week.
The TSX's weekly gain was its largest since September of last year.
Shopify Inc. became Canada's most valuable public company after strong quarterly results.
Open Text shares rose 10.0% due to positive earnings.
Sun Life Financial shares fell 7.9% due to a missed profit target.
- Who
- Investors and companies listed on the TSX.
- What
- The performance of the Canadian stock market (TSX), including specific company performances.
- When
- Friday, August 8, and the week leading up to it.
- Where
- Canada's stock market.
- Why
- Driven by corporate earnings reports and economic data.
Market Drivers
Economic Outlook
Factors influencing Market
Market Drivers
Positive response to earnings in Canada is driving the market.
Economic Outlook
Economic slowdown and job losses in Canada is impacting the market.
- TSX Closing Value
- 27,758.68
- TSX Weekly Gain
- 2.7%
- Open Text Share Change
- 10.0%
- Sun Life Financial Share Change
- -7.9%
- Shopify Inc.
- Canada's most valuable public company