Canada Stock Market Today: TSX Edges Higher as Gold Miners Shine, Nvidia Earnings in Focus (Nov. 19, 2025)

Canada’s stock market spent Wednesday in cautiously upbeat territory as the S&P/TSX Composite Index traded just above the 30,000 mark, lifted by gold miners and select technology names while investors waited for crucial Nvidia earnings and fresh signals on interest rates. Midday reports showed the TSX up roughly 0.2%–0.3%, or close to 100 points, around the 30,100 level, snapping a two‑day losing streak. ^[1]

The move keeps Canadian equities hovering near recent record territory after the index first vaulted above 30,000 earlier this fall, underscoring how resilient the commodity‑heavy market has been in 2025. ^[2]

TSX Today: Modest Gains After a Choppy Start to the Week

By mid‑session on Wednesday, Toronto’s S&P/TSX Composite Index was up about 0.3%, around 30,100–30,150, after having been higher by roughly 0.55% earlier in the morning. ^[3]

Key highlights from today’s trading so far:

S&P/TSX Composite: up around 0.2%–0.3%, near 30,100, after gaining almost 100 points in late‑morning trade. ^[4]
S&P/TSX 60 (large‑cap benchmark): up about 0.1%, reflecting modest gains in blue‑chip names. ^[5]
S&P/TSX Venture Composite (micro‑cap and junior resource stocks): trading in the high‑870s to low‑880s, up roughly 1.5%–1.7% on the day, extending Tuesday’s rebound. ^[6]

The tone is a clear bounce from Monday and Tuesday, when weakness in technology weighed on the index. Today’s advance is being powered instead by miners, selective industrials and some tech names tied to the global AI trade. ^[7]

Gold Miners Lead the Canada Stock Market Higher

Gold producers were the standout group on the TSX today. A Reuters morning update noted that the gold sub‑index jumped nearly 3% as bullion prices rose about 1% on renewed safe‑haven demand. ^[8]

A Dow Jones mid‑day recap echoed the theme, saying Toronto stocks were “buoyed by gold miners” as the price of gold advanced and the broader TSX Composite traded about 0.2% higher at 30,108.90. ^[9]

Among individual names highlighted in Dow Jones coverage: ^[10]

Agnico Eagle Mines: up around 0.8%
Barrick Gold/Barrick Mining: up about 1.1%
B2Gold: up roughly 0.7%

The support from gold miners is noteworthy given that the TSX is heavily tilted toward resource and financial stocks; metals and energy producers are a major driver of the benchmark’s performance. ^[11]

On the commodity side, December gold futures were reported up more than 1%, near recent record levels above US$2,000 an ounce, ahead of the U.S. Federal Reserve’s latest meeting minutes. ^[12]

Tech and AI: Celestica Jumps as Global Markets Wait for Nvidia

While gold dominated headlines, technology and AI‑linked names also helped nudge the TSX higher.

A Reuters market wrap noted that investors in Canada, like their U.S. counterparts, are fixated on Nvidia’s quarterly results due after the close of U.S. trading. The report framed Nvidia’s earnings as a potential “make or break” moment for the AI‑driven rally that has powered many global equity gains this year. ^[13]

In Toronto, one of the biggest tech stories on the day was Celestica:

A Dow Jones/MarketScreener note said Celestica shares climbed about 3.8%, making the electronic‑components company one of the key contributors to the TSX’s mid‑day gains. ^[14]
Separate coverage indicated that RBC Capital Markets maintained an “Outperform” rating and a US$400 price target on Celestica, reinforcing institutional confidence in the stock after a strong year for AI‑related hardware and enterprise infrastructure. ^[15]

Tech remains a relatively smaller slice of the TSX compared with U.S. indices, but the sector has punched above its weight in 2025—both on the upside and downside. After recent volatility and a pullback earlier in the week, today’s bounce in names like Celestica helped stabilize the broader Canadian market. ^[16]

Banks and Financials: Royal Bank of Canada Stays in Focus

Financials, led by the big banks, are still at the heart of the Canadian market story.

Royal Bank of Canada (RBC), one of the largest constituents of the S&P/TSX 60, continued to attract attention on Wednesday: ^[17]

A TSX market summary page showed RBC changing hands around C$208, up about 0.7% intraday, placing it among the actively traded large‑cap names on the index. ^[18]
A separate analysis piece published today noted that RBC shares have enjoyed “steady momentum” in recent weeks, reflecting strong fundamentals and ongoing investor interest. ^[19]
A recent October review from TIKR estimated that RBC stock was up roughly 19% year‑to‑date at that point, underscoring how the bank has helped drive the broader Canadian financial sector and TSX benchmarks higher in 2025. ^[20]

Another commentary from KalkineMedia pointed out that RBC’s performance is “spurring TSX 60 market attention,” emphasizing how moves in this single heavyweight name can influence key Canadian equity ETFs and index funds. ^[21]

With the Bank of Canada nearing the end of its tightening cycle and investors weighing the timing of eventual rate cuts, Canadian banks remain a central barometer of sentiment toward the domestic economy and credit conditions.

Corporate Headlines Moving Canadian Stocks Today

Beyond index‑level moves, a flurry of TSX and TSX Venture announcements on November 19 helped shape individual stock stories across the Canadian market.

Brookfield: New Preferred Share Deal and Redemption

Brookfield Corporation announced that it has agreed to issue C$200 million of new Class A Preference Shares, Series 54, on a bought‑deal basis, while also planning to redeem at least C$200 million of its existing Series 44 preferred shares. ^[22]

The transaction, underwritten by a syndicate including Scotiabank, BMO, CIBC, National Bank, RBC Capital Markets and TD Securities, is part of Brookfield’s ongoing capital‑structure management.
For investors in Canadian preferred shares, the move highlights continuing activity in a part of the market that has seen renewed interest as rates stabilize.

Choice Properties REIT: Normal Course Issuer Bid

Real estate also stepped into the spotlight as Choice Properties Real Estate Investment Trust said the TSX has accepted its notice of intention to launch a normal course issuer bid (NCIB). ^[23]

Under the NCIB, the REIT will be able to repurchase a portion of its outstanding trust units over the coming year, a signal that management sees value in the current trading price.
The announcement arrives alongside a recently declared monthly distribution and follows solid year‑to‑date operating results. ^[24]

Torex Gold: Buyback Authorization Supports the Gold Theme

In another gold‑sector development, Torex Gold Resources confirmed it has received TSX approval to renew its normal course issuer bid, authorizing the company to repurchase up to 8,133,430 common shares—about 10% of its public float—between November 21, 2025 and November 20, 2026. ^[25]

The renewed NCIB follows recent Q3 results and the launch of an initial return‑of‑capital program that includes a C$0.15 quarterly dividend. ^[26]
Together, these moves underline how gold producers are increasingly returning cash to shareholders amid stronger metal prices.

Other TSX & TSX Venture Newsflow

Elsewhere in the Canadian market today:

Saltire Capital Ltd. (TSX: SLT) qualified to trade on the OTCQX Best Market in the U.S., a step that could broaden its investor base south of the border. ^[27]
The TSX’s “View from the C‑Suite” video series released a new segment featuring Tantalus Systems Holding Inc. (TSX: GRID), highlighting executive perspectives from both TSX and TSX Venture‑listed issuers. ^[28]
On the TSX Venture Exchange, junior resource and tech names were active, with companies such as Blue Sky Uranium, CopAur Minerals, Val‑D’Or Mining and Juno announcing financings, private placements or listings that underline continued appetite for high‑risk, high‑reward plays in Canada’s micro‑cap space. ^[29]

Commodities, Oil and the Canadian Dollar

Canada’s stock market remains tightly linked to commodity prices, and Wednesday’s session was no exception:

Crude oil: The January WTI crude contract traded just below US$60 a barrel, with multiple data sources showing a drop of roughly 2%–3% on the day, leaving prices around US$59–60. ^[30]
Gold: Futures rose more than 1%, with safe‑haven demand boosted by geopolitical worries and investor focus on the Fed’s meeting minutes and delayed U.S. employment data. ^[31]
Canadian dollar: The loonie weakened slightly, trading near 71.2 U.S. cents, down from about 71.4 U.S. cents on Tuesday, as softer oil and a firmer U.S. dollar weighed on the currency. ^[32]

A softer currency can be a mixed blessing for Canadian equities—it tends to help exporters and resource producers but can tighten imported inflation pressures for consumers.

Global Backdrop: U.S. Markets Mixed, Nvidia and the Fed in the Spotlight

Canadian traders spent much of Wednesday watching Wall Street and Washington:

A Canadian Press update noted that while the TSX was higher, U.S. markets were mixed, with the Dow in negative territory even as the S&P 500 and Nasdaq edged up, helped by strength in major tech names. ^[33]
Reuters reported that investors globally are waiting for Nvidia’s earnings after the closing bell, given the chipmaker’s outsized role in this year’s global AI rally. ^[34]
Traders are also bracing for a delayed U.S. labor report, now scheduled for Thursday, which could reinforce bets on future Federal Reserve rate cuts, as well as parsing Fed meeting minutes for further clues on the central bank’s stance. ^[35]
At home, markets are tuned to a speech by Bank of Canada Deputy Governor Nicolas Vincent, who could offer fresh hints on how long policy rates are likely to stay at restrictive levels. ^[36]

With the TSX having recently set fresh record highs earlier this month, any disappointment in Nvidia’s numbers or a more hawkish‑than‑expected tone from the Fed or Bank of Canada could quickly shift sentiment. ^[37]

What Today’s Move Means for Canadian Investors

For investors watching the Canada stock market today, several themes stand out:

Commodities are still in the driver’s seat. Gold miners and resource names are once again proving how much sway they hold over the TSX, particularly when macro uncertainty lifts demand for hard assets. ^[38]
Big banks remain a stabilizing force. RBC’s strong 2025 rally and continued prominence in the TSX 60 underscore how central Canadian financials are to the market’s long‑term trajectory. ^[39]
Corporate actions signal confidence. Buybacks and capital moves from Brookfield, Choice Properties and Torex Gold suggest management teams see value in their equity and are comfortable returning cash to shareholders. ^[40]
Micro‑cap and venture activity is alive. Financing deals on the TSX Venture Exchange point to ongoing risk appetite in junior mining and early‑stage tech, even as larger indices tread near records. ^[41]
Short‑term direction hinges on U.S. data and AI earnings. With Nvidia and U.S. economic releases front and center, Canadian stocks may take their next cue from south of the border. ^[42]

As always, today’s moves are one datapoint in a longer trend. For long‑term investors, the key questions remain whether earnings can justify elevated index levels and how quickly central banks will be able to pivot toward easing.

This article is intended for informational purposes only and does not constitute investment advice. Always do your own research or consult a qualified financial adviser before making investment decisions.

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