Skip to content

TSX Today: What to Watch for in Stocks on Monday, May 5

    Canadian equities rallied on Friday as largely strong corporate earnings and hopes of easing trade tensions offered a temporary lift to investor sentiment. The S&P/TSX Composite Index climbed by 236 points, or 1%, to settle at 25,032 — marking its highest close in a month.

    While utility stocks witnessed weakness as investors rotated into more growth-oriented sectors, the rally in industrials, financials, and technology more than compensated, driving the TSX higher.

    With this, the TSX Composite ended the week with 1.3% gains, registering its fourth consecutive winning week.

    Top Composite movers and active stocks

    Shares of Aritzia (TSX:ATZ) rallied by 14% to $56.42 per share after announcing solid quarterly earnings. In the quarter ended in February 2025, the Vancouver-based apparel company’s total revenue surged 31% year over year to $895.1 million, with a 26% increase in comparable sales.

    More importantly, the U.S. market segment’s quarterly sales jumped by 48.5% from a year ago, while e-commerce revenue also surged 42.4% despite tariff uncertainties, reflecting the success of Aritzia’s digital push and expansion strategy. On a year-to-date basis, ATZ stock is now up 5.6%.

    TerraVest Industries, Algoma Steel, and Ivanhoe Mines were also among the top gainers on the Toronto Stock Exchange, with each soaring by at least 6%.

    On the flip side, MDA Space, Magna International, Tilray, and Alamos Gold dived by at least 4.2% each, making them the session’s worst-performing TSX stocks.

    Based on their daily trade volume, Whitecap Resources, Manulife Financial, Suncor Energy, Bank of Montreal, and Baytex Energy were the five most active stocks on the exchange.

    TSX today

    Commodity prices, especially natural gas, gold, and silver, trended higher in early morning trading on Monday, setting a positive tone for Canada’s resource-heavy TSX index at the open today.

    While no major domestic economic releases are due, Canadian investors may want to keep an eye on the latest non-manufacturing purchasing managers index from the U.S., which could provide insights into the health of the services sector and broader economic momentum.

    On the corporate events front, several TSX-listed companies, including Parkland, TMX Group, Ero Copper, Baytex Energy, Topaz Energy, Gibson Energy, CT REIT, and RioCan REIT, will release their first-quarter earnings reports today after the market’s closing bell. These earnings announcements could provide fresh momentum for the TSX, especially if companies show resilience in margins and forward guidance.

    Market movers on the TSX today

    • {tab.name}  
      {data.noDataMsg}
      { ‘Symbol’ | i8ln tLang }{ ‘Company’ | i8ln tLang }{ ‘Last’ | i8ln tLang }{ ‘change’ | i8ln tLang }{ ‘changepct’ | i8ln tLang }{ ‘Open’ | i8ln tLang }{ ‘High’ | i8ln tLang }{ ‘Low’ | i8ln tLang }{ ’52weekrange’ | i8ln tLang }{ ‘Vol’ | i8ln tLang }{‘volume change %’ | i8ln tLang}{ ‘tradeval’ | i8ln tLang }{ ‘totaltrades’ | i8ln tLang }
      TSX:{tradee.symbolstring | str_replace ‘:CA’ ” }
      {tradee.equityinfo.longname}  {tradee.entitlement}
      {tradee.pricedata.last | asQHLast}
      {tradee.premarket.last | asQHLast}
      {tradee.pricedata.change | asQHLast}
      {tradee.premarket.change | asQHLast}
      {tradee.pricedata.open | asQHLast}
      {tradee.pricedata.high | asQHLast}
      {tradee.pricedata.low | asQHLast}
      {tradee.fundamental.week52low.content | asQHLast} – {tradee.fundamental.week52high.content | asQHLast}
      {tradee.pricedata.sharevolume | numeraljs ‘0,0.[00]a’}
      {tradee.premarket.sharevolume | numeraljs ‘0,0.[00]a’}
      {tradee.pricedata.volumechangepercent | numeraljs ‘0,0.[00]a’ ‘0’}
      {tradee.pricedata.totalvalue | numeraljs ‘0,0.[00]a’}
      {tradee.pricedata.tradevolume | numeraljs ‘0,0.[00]a’}

       {data.data.0.timezone | asTimezone tLang}

      {data.popup.data.title}

      The post TSX Today: What to Watch for in Stocks on Monday, May 5 appeared first on The Motley Fool Canada.

      Should you invest $1,000 in Aritzia right now?

      Before you buy stock in Aritzia, consider this:

      The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Aritzia wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

      Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,345.77!*

      Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*.

      See the Top Stocks
      * Returns as of 4/21/25

      (function() {
      function setButtonColorDefaults(param, property, defaultValue) {
      if( !param || !param.includes(‘#’)) {
      var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
      button.style[property] = defaultValue;
      }
      }

      setButtonColorDefaults(“#5FA85D”, ‘background’, ‘#5FA85D’);
      setButtonColorDefaults(“#43A24A”, ‘border-color’, ‘#43A24A’);
      setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
      })()

      More reading

      • The Prepared Investors Battle Plan for a Trade War
      • The Tariff Pullback Is Actually a Tremendous Opportunity to Buy These Stocks
      • Best Canadian Stocks to Buy With $7,000 Right Now
      • The Best TSX Stocks to Invest $25,000 in Right Now
      • My Single Best Canadian Stock Pick for April 2025

      Fool contributor Jitendra Parashar has positions in Aritzia, Bank Of Montreal, Magna International, and Mda Space. The Motley Fool has positions in and recommends Aritzia. The Motley Fool recommends Gibson Energy, Magna International, Parkland, TMX Group, TerraVest Industries, Tilray Brands, Topaz Energy, and Whitecap Resources. The Motley Fool has a disclosure policy.

      www.fool.ca (Article Sourced Website)

      #TSX #Today #Watch #Stocks #Monday