Stock Markets March 27, 2026 04:30 PM

Toronto stocks finish higher as materials, energy and clean-technology names lead gains

S&P/TSX Composite posts a modest advance while volatility and commodity moves catch traders' attention

By Caleb Monroe
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Canadian equities closed modestly higher Friday, with the S&P/TSX Composite up 0.23% as strength in Materials, Energy and Clean Technology names outpaced losses elsewhere. Methanex, Strathcona Resources and I-80 Gold were the session's top performers, while Curaleaf, MDA and ATS Corporation led decliners. Market breadth favored losers, and measures of volatility and commodity prices moved notably higher.

Toronto stocks finish higher as materials, energy and clean-technology names lead gains
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Key Points

  • S&P/TSX Composite closed up 0.23%, with Materials, Energy and Clean Technology leading gains.
  • Top winners: Methanex (MX) +9.96% to 90.57, Strathcona Resources (SCR) +8.85% to 42.17, I-80 Gold (IAU) +8.15% to 1.99.
  • Top losers: Curaleaf (CURA) -7.05% to 2.77, MDA (MDA) -6.58% to 34.52, ATS (ATS) -5.05% to 38.91. Volatility and commodity prices rose - S&P/TSX 60 VIX to 22.11, gold and oil higher.

Canadian stocks ended the trading day higher on Friday, led by gains in the Materials, Energy and Clean Technology sectors. The S&P/TSX Composite closed up 0.23% in Toronto.

The session's largest winners included Methanex Corporation (TSX:MX), which climbed 9.96% or 8.20 points to finish at 90.57. Strathcona Resources Ltd (TSX:SCR) advanced 8.85% or 3.43 points to close at 42.17, and I-80 Gold Corp (TSX:IAU) rose 8.15% or 0.15 points to 1.99 by the market close.

On the downside, Curaleaf Holdings Inc (TSX:CURA) fell 7.05% or 0.21 points to end at 2.77. MDA Ltd (TSX:MDA) slipped 6.58% or 2.43 points to 34.52, while ATS Corporation (TSX:ATS) declined 5.05% or 2.07 points to 38.91.

Although the headline index finished in positive territory, decliners outnumbered advancers on the Toronto Stock Exchange, with 505 stocks down versus 441 that rose. Eighty-eight issues were unchanged at the close, signaling mixed internals beneath the index-level advance.

Two notable price milestones occurred during the session. Shares of Methanex reached five-year highs, settling at 90.57 after the near 10% gain. Strathcona Resources traded up to three-year highs at 42.17 following its rally.

Volatility indicators and commodity markets also registered notable moves. The S&P/TSX 60 VIX, which measures implied volatility for S&P/TSX Composite options, rose 3.95% to 22.11, marking a new six-month high. In commodities trading, Gold Futures for June delivery advanced 2.86% or 126.30 to $4,535.30 a troy ounce.

Energy prices climbed as well, with crude oil for May delivery gaining 6.37% or 6.02 to reach $100.50 a barrel, and the June Brent contract increasing 4.09% or 4.17 to trade at $106.06 a barrel.

Currency markets were relatively steady. The Canadian dollar was essentially unchanged versus the US dollar, with CAD/USD moving 0.24% to 0.72, and CAD/EUR unchanged 0.11% to 0.63. The US Dollar Index Futures was up 0.28% at 99.99.


Summary: The S&P/TSX Composite closed higher by 0.23%, driven by Materials, Energy and Clean Technology sector strength. Methanex, Strathcona Resources and I-80 Gold were the session's top gainers, while Curaleaf, MDA and ATS Corporation were the largest decliners. Market breadth favored decliners, the S&P/TSX 60 VIX reached a six-month high, and commodities such as gold and oil posted notable gains.

Risks

  • Rising implied volatility - the S&P/TSX 60 VIX increased 3.95% to 22.11, introducing greater market uncertainty that could pressure sensitive sectors such as Materials and Clean Technology.
  • Commodity price swings - significant moves in gold and crude oil (gold up to $4,535.30 per troy ounce; WTI crude to $100.50 a barrel; Brent to $106.06 a barrel) may affect earnings and input costs across Energy and Materials companies.
  • Negative breadth - more decliners than advancers on the Toronto Stock Exchange (505 down, 441 up) suggests underlying weakness beneath the index-level gain, which could weigh on broader market sentiment.

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