Home / Business and Economy / Markets Surge: Base Metals & Energy Lead Gains
Markets Surge: Base Metals & Energy Lead Gains
22 Dec
Summary
- Canada's main stock index rose by nearly 300 points.
- Strength in base metal and energy sectors boosted the index.
- Major U.S. stock markets also experienced significant climbs.
The Canadian stock market demonstrated considerable strength on December 22, 2025, with the S&P/TSX composite index advancing by approximately 300 points. This positive momentum was primarily driven by strong performances within the base metal and energy sectors, reflecting growing investor confidence in these areas. The index reached 32,052.17 points during late-morning trading.
Across the border, U.S. markets mirrored Canada's upward trend. The Dow Jones industrial average saw a substantial increase of 278.99 points, trading at 48,413.88. Similarly, the S&P 500 and Nasdaq composite indices also registered gains, closing at 6,877.96 and 23,456.73 points respectively. This synchronized rally suggests a favorable economic outlook influencing major global financial centers.
Further indicating positive market sentiment, the Canadian dollar appreciated against the U.S. dollar, trading at 72.78 cents US. Commodity prices also reflected this optimism, with February crude oil contracts rising to US$57.66 per barrel and February gold contracts experiencing a significant increase to US$4,471.40 per ounce.
