Toronto Stocks Rise as US Court Strikes Down Trump Tariffs

The S&P/TSX Composite Index gained 0.4% to reach 33713.34, while the blue-chip S&P/TSX 60 mirrored the move with a 0.4% rise. The judicial ruling in Washington provided a tailwind for Canadian exporters, effectively removing a cloud of uncertainty that had hung over cross-border trade. This legal victory offset a lackluster domestic retail report, which showed Canadian consumer spending dipped 0.4% in December to C$70.01 billion, largely due to a slowdown at motor-vehicle and parts dealers.

Divergent Corporate Performance

While the broader market trended upward, individual corporate results drove significant volatility. Shares of Superior Plus plummeted 18% to C$6.52 after the company reported disappointing fourth-quarter revenue and extended the timeline for its strategic transformation. Hudbay Minerals also struggled, falling 3.3% as lower production levels overshadowed the benefits of higher commodity prices which had initially bolstered its quarterly revenue.

Conversely, Secure Waste Infrastructure bucked the downward trend in the industrial sector. The company’s stock rose 2.7% following a strong earnings report characterized by:

• Increased fourth-quarter net profit despite sector-wide pressure.
• A 5% hike to the quarterly dividend payout.
• Robust growth in its waste-management and energy-infrastructure divisions.

Sector performance remained fragmented throughout the session. Health tech and commercial services led the gainers, while distribution and energy services lagged, reflecting a market still grappling with shifting domestic demand and fluctuating commodity outputs.