This week, the TSX Composite Index soared to a new record of $27,000 after Donald Trump extended to August his deadline for ending the trade war. The TSX Composite Index has entered a bullish market, after climbing by more than 21% since its April low. This article examines the names of the companies that are driving the Canadian blue-chip index to record heights.
Top gainers on the TSX Composite in 2025
The TSX Composite index has seen a significant increase in most companies this year. This is due to the rise of gold and the Federal Reserve’s dovish stance.
Lundin Gold was the top-performing company in the index, with New Gold, Orla Mining Sandstorm Gold and Kinross Gold all soaring by more than 70%.
The price of gold soared after tariffs were introduced. Trump introduced the “reciprocal” tariffs in April to reduce the trade deficit.
Moody’s also downgraded US credit ratings, changing them from triple A to AA+. Donald Trump also signed into law the Big Beautiful Bill last week. This will result in an increase of the public debt and budget deficit, both of which are currently at $36.7 trillion.
Other top gainers on the TSX Index include companies such as Oceanagold G Mining Ventures Torex Gold Resources and Sprott.
Celestica’s stock has risen by 57% in the past year and is now the top-performing stock outside of gold. The strong demand for its computing, storage and networking products due to the artificial intelligence theme has led to this growth.
Celestica reported that its revenue grew to $2.6 billion during the first quarter and increased to 10.3%. The company’s operating earnings jumped from $128.8 to more than $128,000.
The stock of Bombardier has risen by 54% in the past year, as its growth accelerated. Bombardier recently announced an order for 50 Challenger and Globalaircraft worth over $1.7billion. The deliveries are scheduled to begin in 2027. If the buyer decides on full purchase, then the order is worth more than $4 billion.
Embraer, Bombardier and Boeing are on the rise.
Maple Leaf Foods is the other key TSX composite stock for this year. This company produces brands such as Maple Leaf, Schneiders Green Natural Meat and Grab & Snack. The company’s revenue has risen to $1.24billion, an 8.2% increase from the previous year.
The majority of Canadian banks have seen their stocks rise this year. Toronto-Dominion Bank (TDB), Bank of Montreal (BMO), Canadian Imperial Bank and Royal Bank of Canada(RBC) all saw their stocks rise despite the fact that central banks slashed rates.
Top TSX Composite laggards
The top laggards of the TSX composite index are Ivanhoe Mines (which has fallen over 20% in this year), TFI International (which is down by more than 10%), Methanex (which has dropped nearly 30% in 2017), Baytex Energy(down 20%), Transalta and Lightspeed Commerce.
TSX Index Technical Analysis
Source: TradngView
On the daily chart, the TSX Composite Index is in a rally. The index has moved above an important resistance at $28,845, which was its high point both in March and December of last year. The double top pattern was invalidated by moving above this level.
Index has soared over all Exponential moving averages (EMA). The MACD and Relative Strength Index indicators are also trending upwards, while the RSI has reached the overbought point.
Most likely, the index will pull back this month to a support level of $26,500 and resume its upward trend. The bullish TSX prediction will be invalidated if the index drops below $25,845.
The information in this post TSX Composite Index surges: Here are the top gainers for 2018 may change as new developments unfold.
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