Author: Jitendra Parashar

The Canadian stock market climbed for a third straight session on Wednesday, as global investors waited for U.S. president Donald Trump’s new tariff announcement expected later in the day. The S&P/TSX Composite Index climbed by 274 points, or 1.1%, to settle at 25,307 — reaching its highest closing level in over a week.

Despite continued declines in healthcare stocks, solid gains in most other key sectors, including technology, consumer cyclicals, and industrials, helped power the TSX benchmark higher.

Notably, after the market closing bell, Trump declared a national emergency over persistent U.S. goods trade deficits and unveiled a sweeping executive order to impose a new reciprocal tariff regime. A base 10% tariff will apply to most U.S. imports starting April 5, escalating to as high as 50% for certain countries starting April 9.

Top TSX Composite movers and active stocks

Superior Plus (TSX:SPB) jumped by 8.1% to $7.11 per share, topping the TSX leaderboard after unveiling upgraded growth targets at its 2025 Investor Day. The Toronto-based propane distributor now expects a 17% compound annual growth rate in EBITDA (earnings before interest, taxes, depreciation, and amortization) per share through 2027, largely driven by planned share repurchases of about 40 million shares.

More importantly, Superior Plus expects its free cash flow to more than double over the next three years, supported by better margins and cost management. SPB stock is now up 11.3% year to date.

Bombardier, TFI International, and MDA Space were also among the top gainers on the Toronto Stock Exchange, with each climbing by at least 4.3%.

On the flip side, BlackBerry dived by over 9% to $4.86 per share, making it the worst-performing TSX stock for the day. This selloff came after the Waterloo-based enterprise software firm issued a cautious outlook for fiscal 2026.

Aya Gold & Silver and BCE were also among the session’s worst performers, as they slipped by more than 4% each.  

Based on their daily trade volume, TD Bank, Scotiabank, Algonquin Power & Utilities, TC Energy, and Manulife Financial were the five most active TSX stocks.

TSX today

Commodity prices across the board fell sharply in early trading on Thursday, pointing to a lower open for the resource-heavy TSX index today. In addition, Dow futures tanked by nearly 1,200 points in premarket trading as Trump’s reciprocal tariff announcement on top U.S. trade partners triggered a wave of risk-off sentiment, which may pressure the TSX further.

While Canada wasn’t one of the countries mentioned in Trump’s sweeping new tariff plan, the 25% levy on all foreign-made vehicles will still apply to Canadian auto exports. For now, Canada may have avoided the harshest tariffs, but the possibility of further trade tensions still casts a shadow over investor sentiment.

Market movers on the TSX today

Despite no clarity on U.S. trade tariffs, Canadian equities continued to climb for a second consecutive session on Tuesday, boosted by weaker-than-expected U.S. job openings data that raised hopes for rate cuts. The S&P/TSX Composite Index climbed by 116 points, or 0.5%, to settle at 25,033.

While healthcare stocks witnessed weakness, most other sectors ended the session in positive territory, with consumer, financial, and utilities sectors powering the index higher.

Top TSX Composite movers and active stocks

BRP (TSX:DOO) stock surged over 5% on Tuesday after announcing two key divestitures in its marine business. The company signed definitive agreements to sell its U.S.-based Alumacraft brand to Bryton Marine Group and its Australian Telwater unit to Yamaha Motor Australia.

These moves mark BRP’s strategic shift to double down on its core Powersports segment. Investors welcomed the streamlined focus and potential for margin improvement as BRP exits the capital-intensive boat business. Despite the recent rally, however, BRP stock is still down 30% year to date.

Ivanhoe Mines, Trisura Group, and First Quantum Minerals were also among the top gainers on the Toronto Stock Exchange, with each rising by at least 4.9%.

On the flip side, Endeavour Silver (TSX:EDR) tumbled 12.2% after announcing an upsized US$45 million bought-deal financing to help fund its US$145 million acquisition of Peru’s Kolpa mine. While the deal supports Endeavour’s strategy to become a senior silver producer, the equity dilution and financing overhang seemingly weighed heavily on investor sentiment.

Rogers Communications, Bausch Health, and MDA Space also slipped by at least 3.6% each, positioning them among the session’s worst-performing TSX stocks.

Based on their daily trade volume, TD Bank, TC Energy, Rogers Communications, South Bow, and Manulife Financial were the five most active stocks on the exchange.

TSX today

Metals prices traded on a positive note in early trading on Wednesday, which could lift TSX mining stocks at the open today.

While no major domestic economic releases are due, Canadian investors may want to keep an eye on the U.S. non-farm employment change and weekly crude oil stockpile data this morning. More importantly, in the afternoon, U.S. president Donald Trump’s trade tariffs-related remarks could reintroduce volatility, especially if he signals a hardline stance.

On the corporate events side, BlackBerry will announce its latest quarterly results on April 2, which could keep its stock in the spotlight. Street analysts expect the Waterloo-based software firm to post a profit of US$9.75 million for the February quarter with US$132.8 million in revenue.

Market movers on the TSX today

Despite uncertainty about U.S. tariffs, Canadian stocks staged a recovery on the final day of March as easing bond yields and rising crude oil and gold prices helped lift investor sentiment. The S&P/TSX Composite Index climbed 158 points, or 0.6%, on Monday to close at 24,918 — recouping a large portion of last week’s losses.

Nearly all key sectors, except technology, ended the session in the green, but the market rally was mainly driven by solid gains in consumer, industrial, and financial stocks. However, this rally couldn’t help the TSX end March in positive territory, as the index still posted a monthly decline of 1.9%, marking its second straight monthly loss.

Top TSX Composite movers and active stocks

Restaurant Brands International, Torex Gold Resources, North West Company, and K92 Mining were the top-performing TSX stocks for the day, with each inching up by at least 3.5%.

On the flip side, SSR Mining (TSX:SSRM) dived by 7.4% to $14.42 per share, making it the day’s worst-performing TSX stock. Despite the ongoing record rally in gold prices, this selloff in SSRM stock came after the precious metals mining firm released its 2025 operating guidance.

For the year, SSR Mining forecasts gold equivalent production of 410,000 to 480,000 ounces, excluding potential output from the suspended Çöpler mine. The increase reflects over 10% year-over-year growth, largely driven by its recent Cripple Creek & Victor acquisition. However, investors reacted negatively to this news as the company highlighted cost pressures and higher operating costs across the portfolio. On a year-to-date basis, SSRM stock is still up 44% and offers a 2.7% annualized dividend yield.

Ivanhoe Mines, Algoma Steel, and Capstone Copper were also among the bottom performers on the Toronto Stock Exchange, after falling by more than 4% each.

Based on their daily trade volume, TC Energy, Bank of Nova Scotia, TD Bank, Canadian Natural Resources, and Manulife Financial were the five most active stocks on the exchange.

TSX today

Oil and gold prices continued to trade positively in early trading on Tuesday, but most other commodity prices remained negative amid lingering global growth concerns. This divergence could lead to a muted open for the resource-heavy TSX today.

While no major domestic economic releases are due, Canadian investors may want to keep an eye on the latest U.S. manufacturing and job openings data this morning. More importantly, investor attention will remain focused on any updates related to trade policy as we come close to the implementation date for new U.S. tariffs.

On the corporate events side, the TSX-listed NovaGold Resources will announce its latest quarterly results today, which will keep its stock in the spotlight.

Market movers on the TSX today

Canadian equities fell sharply on Friday after hotter-than-expected U.S. personal consumption expenditure data made investors worried while temporarily clouding the outlook for rate cuts. As investors also continued to assess global trade tensions, the S&P/TSX Composite Index dived by 402 points, or 1.6%, to settle at 24,759 — marking its largest single-day percentage decline in over three weeks.

Although utility stocks witnessed renewed buying interest due to their defensive appeal, it wasn’t enough to offset broader losses across technology, healthcare, and industrials.

Top TSX Composite movers and active stocks

Aya Gold & Silver (TSX:AYA) tanked by around 16% to $10.80 per share, making it the worst-performing TSX stock for the day. This selloff in AYA stock came after the Canadian metal producer announced its fourth-quarter and full-year 2024 results. In 2024, the company’s silver production fell 16% year over year due to expansion-related disruptions to 1.65 million ounces but was in line with its revised guidance.

Lower production drove Aya Gold & Silver’s yearly revenue down by 9% from a year ago, while its adjusted cash costs rose sharply by 57%, hurting investor sentiment. Nonetheless, the miner expects silver output to rise to 5.0-5.3 million ounces in 2025 at lower costs of $15.00-$17.50/oz as operations stabilize and shift toward more cost-efficient open-pit mining.

B2Gold, Energy Fuels, Ero Copper, and TFI International were also among the day’s bottom performers on the Toronto Stock Exchange, with each plunging by at least 6.2%.

On the flip side, Jamieson Wellness and G Mining Ventures climbed by at least 3.2% each, making them the session’s top-performing TSX stocks.

Based on their daily trade volume, Canadian Natural Resources, TC Energy, Canadian Imperial Bank of Commerce, Power Corporation of Canada, and TD Bank were the five most active stocks on the exchange.

TSX today

As global trade uncertainties continue, gold prices surged to a fresh record high in early trading on Monday, while most other commodities were mixed. I expect the resource-heavy TSX to remain under pressure at the open today, despite strength in gold prices, as broader concerns about rate policy and global trade tensions continue to weigh on market sentiment.

While no major economic releases are due this morning, stocks on both sides of the border could face increased volatility this week as Trump’s reciprocal tariffs are set to kick in.

Market movers on the TSX today

A $1,000 investment in a growth stock is a great way to start building long-term wealth, but it is important to set the right expectations. Most strong growth companies take years to reach their potential. This means you need to focus on fundamentals, market opportunity, and long-term vision rather than short-term hype. The Toronto Stock Exchange has several growth stocks that fit that profile, and now could be a good time to buy while valuations remain reasonable.

In this article, I’ll highlight one top dividend-paying growth stock from the tech sector that could be a smart addition to your portfolio today.

Open Text stock

One TSX stock that checks all the right boxes for long-term growth could be OpenText (TSX:OTEX), one of Canada’s top enterprise software providers. This Waterloo-based company helps businesses manage and protect their digital information with a wide range of solutions, including cloud and content management, cybersecurity, and artificial intelligence (AI)-powered analytics.

Currently, OTEX stock is trading at $37.90 per share with a market cap of $10 billion. And for those who like a little income on top of growth, OpenText offers a quarterly dividend with a solid annualized yield of 4%.

That said, the stock hasn’t had the smoothest ride lately, as it has declined by 28% over the past year. While that might look concerning at first glance, it could also mean this growth stock is sitting at a more attractive entry point for long-term investors.

What’s behind the recent dip?

Besides the ongoing macroeconomic challenges and the broader market volatility, another big reason behind the pullback could be its lower-than-expected revenue in recent quarters. In the second quarter (ended December 2024) of its fiscal 2025, the company’s total revenue slipped 13% YoY (year over year) to US$1.34 billion. A lot of that drop came from lower customer support and license revenues. In addition, OpenText is still adjusting from the divestiture of its application modernization and connectivity business, which impacted comparisons from last year.

But the interesting part is that even with that decline in sales, OpenText delivered strong profits and cash flows. In the latest quarter, the company posted adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of US$501 million with a strong margin of 37.6% and generated US$307 million in free cash flow. That shows its business model has resilience even when top-line growth slows.

Why this might be a smart long-term growth pick

Even amid macroeconomic challenges, OpenText isn’t just cutting costs and riding it out. In fact, it’s actively investing in its future. Its management considers the current phase a shift toward a new era of multi-cloud, AI, and cybersecurity-driven services. That’s why the company has rolled out its next-gen cloud platform, called Titanium X, which mainly tries to help businesses better integrate data, security, and artificial intelligence.

It’s also making big moves in the AI space with its OpenText Aviator platform and opentext.ai strategy, which mainly focuses on helping customers tap into generative AI tools safely and efficiently. Put it all together, and you get strong free cash flow, a focus on cloud and AI innovation, and a dividend while you wait. Given these factors, OpenText could be a smart bet for patient investors who want to buy a solid growth stock on a pullback.