Aug 13, 2025 (Baystreet.ca via COMTEX) --
The sky may be the limit, but stocks throughout North America continued to reach for it Wednesday, on the good vibes created by the anticipation of lower interest rates in the coming weeks.
The TSX Composite Index gained 72.17 points to adjourn Wednesday at 27,993.43, yet another all-time record for the index.
The Canadian dollar nicked up 0.04 cents to 72.65 cents U.S.
Consumer stocks led the charge Wednesday, with Gildan Activewear creating the biggest buzz, $7.91, or 11.7%, to $76.56, while Linamar collected $3.09, or 4.5%, to $73.20.
In telecoms, BCE shot higher 75 cents, or 2.2%, to $34.52, while Rogers jumped 87 cents, or 1.9%, to $47.92.
Real-estate issues also did well, with Altus Group vaulting $2.79, or 4.8%, to $60.95, while units of Allied Properties REIT sprinted 38 cents, or 2.2%, to $17.84.
Consumer staples but a brake on things, with Metro sagging $7.45, or 7%, to $98.58, while rival grocer Loblaw fading $4.56, or 2%, to $226.54.
Among health-care concerns, Sienna Senior Living dropped 64 cents, or 3.4%, to $18.31, while Chartwell Retirement Residences letting go of 24 cents, or 1.3%, to $18.16.
Tech issues were on their way down as well, as Quarterhill dishing off six cents, or 4.8%, to $1.20, while those for Constellation Software withered $173.62, or 3.7%, to $4,507.58.
ON BAYSTREET
The TSX Venture Exchange slipped 2.14 points to 786.46.
The 12 TSX subgroups were evenly divided by Wednesday's close, as consumer discretionary stocks triumphed 2.4%, while telecoms jumped 1.7%, and real-estate grabbed 1.4%.
The half-dozen laggards were weighed most by consumer staples, scaling back 1.4%, while health-care slid 1.2%, and information technology moved 1.1% lower.
ON WALLSTREET
Stocks rose Wednesday, adding to their recent momentum as expectations for lower U.S. Federal Reserve rates continue driving the major indexes to all-time highs.
The Dow Jones Industrial Average popped 463.66 points, or 1%, to 44,922.27.
The S&P 500 index climbed 20.82 points to 6,466.58, yet another all-time record.
The NASDAQ added 31.24 points to 21,713.14. Both S&P 500 and NASDAQ reached new intraday record highs shortly after Wednesday's opening bell, but came off those highs later in the session.
AMD popped more than 5% to lead gains in tech. Apple also advanced about 1%. Shares of Paramount Skydance soared more than 34%, putting the media company on pace for its best day since March 2020.
Traders are pricing in a 99% chance of a rate cut at the Federal Reserve's September meeting.
Thursday's producer price index report on wholesale inflation will add another piece of the economic picture. The report comes ahead of the Fed's Jackson Hole meeting on Aug. 21-23, which could also help shape expectations for the central bank's next policy move.
Prices for 10-year Treasury moved upward Wednesday, lowering yields to 4.24% from Tuesday's 4.29%. Treasury prices and yields move in opposite directions.
Oil prices slid 35 cents to $62.82 U.S. a barrel.
Gold prices regained $8.90 to $3,407.90 U.S. an ounce.
COMTEX_468020815/2559/2025-08-13T16:42:20
