Business News
Celestica Stock Up 6.64%: Why CLS Jumped on a Growth Reshuffle as TSX Tech Rallied
Celestica closed at $480.23 on the TSX Friday, up 6.64%, the biggest move among Canadian large caps and the clearest expression of the day’s story: the AI hardware trade came roaring back, and it brought the whole index with it. The TSX rose 0.54% to 35,697.49, ending a four-session slide.
The S&P 500 gained 0.86% to 7,656.98 and the NASDAQ added 0.96% to 26,333.04. Even after Friday’s bounce the TSX is down 1.58% in September, a month that followed five straight positive months, so the question hanging over the session was whether this was a turn or a pause.
Read the full recap for September 11 →The gold sector fell 3.29% and materials 2.78%, against a composite down 0.76%.
Cameco (down 5.58%) and Celestica (down 5.51%) led the decliners, followed by the gold names Kinross, Wheaton and Franco-Nevada.
Among the large-cap movers that closed on August 28, nine fell and nine rose, an even split.
The Bank of Canada decides on September 2 at 9:45 am ET with the policy rate at 2.25%.
Aritzia is executing the US expansion everyone said was too expensive
Net revenue rose 43% to $951M with the United States carrying the growth, and comparable sales stayed positive while the boutique count climbed. The capital going into new stores is arriving as revenue rather than as a promise about next year.
BMO’s 24% earnings drop was a goodwill charge, not credit
Reported EPS fell 24% to $2.38 and return on equity to 8.4% from 11.6%, on a $962M goodwill charge BMO is selling, not on credit. Provisions actually fell, to $722M from $797M, and adjusted ROE was 14.0%.
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QWhen is the next Bank of Canada rate decision?
October 28, 2026, announced at 9:45 am ET. The date comes from the Bank’s own published schedule.
QWhere do your company figures come from?
The earnings release, the supplementary financial information or the MD&A, with the document cited. Never an aggregator.
QDo you get paid for coverage or ratings?
No. We earn from broker referral links, disclosed wherever they appear, and never for a rating or a place on a list.