Benchmark

Canadian Stocks Add $191 Billion of Value in Longest Rally Ever

The S&P/TSX Composite climbs for a 14th straight session
Canada’s benchmark has slightly surpassed the U.S. this year

Canadian Stocks Rally As Oil Propels Energy Shares — Photographer: Cole Burston/Bloomberg

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By Divya Balji and Kristine Owram

October 25, 2021 at 8:12 PM UTC

This article is for subscribers only.

The Canadian stock market posted its longest streak of gains ever as a rally in commodities pushed the benchmark higher for a 14th straight session.

The S&P/TSX Composite Index rose 0.3% to an all-time high Monday. It has added about C$237 billion ($191 billion) in market value during its recent winning streak, according to data compiled by Bloomberg. U.S. oil prices hit $85 a barrel for the first time since 2014 and metals prices also climbed, fueling Monday’s rally. Energy and materials make up about 25% of the Canadian benchmark.