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TSX:LB 2 December 2025

Canada Stock Market Today: TSX Rises on Bank Earnings, Laurentian Deal and Income ETFs – December 2, 2025

Canada Stock Market Today: TSX Rises on Bank Earnings, Laurentian Deal and Income ETFs – December 2, 2025

Canada’s stock market opened higher on Tuesday as investors rotated back into financials after a tech-led pullback, with Bank of Nova Scotia’s stronger‑than‑expected earnings and a C$1.9 billion takeover of Laurentian Bank setting the tone on Bay Street. The S&P/TSX Composite Index was up about 0.2% at the open, trading near 31,165, after closing Monday’s session down 0.90% as technology, REITs and real estate stocks weighed on the benchmark.Reuters+1 Shortly after the bell, the index was still in positive territory around 31,120, modestly above Monday’s close of 31,101.78, with an intraday high just under 31,180.Disnat+1
2 December 2025
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Fairstone to Buy Laurentian Bank in C$1.9 Billion Break-Up Deal as National Bank Takes Retail Business

Fairstone to Buy Laurentian Bank in C$1.9 Billion Break-Up Deal as National Bank Takes Retail Business

Montreal – December 2, 2025 Laurentian Bank of Canada is set to disappear as a stand‑alone full-service bank after striking a complex break‑up deal that will see Fairstone Bank of Canada acquire the institution for about C$1.9 billion in cash, while National Bank of Canada scoops up its retail and small‑business operations. Bloomberg+2MarketScreener+2
2 December 2025
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Stock Market Today

  • Dell (DELL) Price Target Raised as AI Server Sales Fuel 23% Upside, Says 24/7 Wall St.
    June 30, 2026, 2:16 PM EDT. Dell Technologies (NYSE:DELL) stock could rally more than 20%, with 24/7 Wall St. putting a price target at $503, about 23% above the latest trade. That view follows a massive 757% jump in AI server revenue to $16 billion, which underpins a $43 billion AI backlog. Management raised fiscal 2027 revenue guidance on the back of those numbers. Gross margins dropped from 21% to 18% as more low-margin AI servers shipped, and supply chain issues tied to NVIDIA are a risk. Still, gross profit climbed 58% and operating income more than doubled. Dell shares are up 228% for the year and close to 52-week highs, driven by solid earnings and positive analyst calls. Margin compression remains a key worry for bears, but bulls say AI demand is driving the story.
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