The TSX Composite Index surged to a record high of $27,000 this week after Donald Trump extended his trade war deadline to August. It has moved into a bull market after rising by over 21% from its lowest level in April. This article explores the top names that have pushed the blue-chip Canadian index to a record high.
Top TSX Composite gainers of 2025
Most companies in the TSX Composite Index have jumped this year, helped by the rising gold prices and the highly dovish Federal Reserve.
Lundin Gold, New Gold, Orla Mining, Sandstorm Gold, and Kinross Gold were the best-performing companies in the index after surging by over 70% this year.
This surge occurred as the price of gold surged to a record high following the introduction of tariffs. Trump announced the so-called “reciprocal tariffs” in April as he worked towards reducing the trade deficit.
Gold also jumped after Moody’s downgraded the US credit rating, moving it from Triple A to AA-. Moreover, Donald Trump signed the Big Beautiful Bill into law last week, a move that will increase the budget deficit and public debt, which stands at over $36.7 trillion.
The other top gainers in the TSX Index this year are companies like Oceanagold, G Mining Ventures, Torex Gold Resources, and Sprott.
Meanwhile, Celestica stock price has surged by 57% this year, making it the best-performing non-gold stock. This growth happened because of the strong demand of its storage, computing, and networking solutions because of the ongoing artificial intelligence theme.
The most recent results showed that Celestica’s revenue rose to $2.6 billion in the first quarter, while its gross margin moved to 10.3%. Its earnings from operations jumped to over $128.8 million.
Bombardier’s stock price surged by over 54% this year as the company’s growth accelerated. Just recently, Bombardier announced a big order of 50 Challenger and Global aircraft valued at over $1.7 billion. Its deliveries will start in 2027, and if the customer decides to make full purchases, the order will be worth over $4 billion.
Read more: Forget Airbus, Boeing stocks: Embraer and Bombardier are cruising
The other key TSX Composite stock this year is Maple Leaf Foods, a company that makes brands like Maple Leaf, Schneiders, Green Natural Meat, and Grab & Snack. Its growth has continued this year, with the most recent results showing that its revenue rising to $1.24 billion, up by 8.2% from a year earlier.
Most Canadian bank stocks have jumped this year. Toronto-Dominion Bank, Bank of Montreal, Canadian Imperial Bank, and Royal Bank of Canada (RBC) have all jumped even as the central bank slashed interest rates.
Top TSX Composite laggards
On the other hand, the top laggards in the TSX Composite Index are companies like Ivanhoe Mines, TFI International, Methanex, Baytex Energy, Transalta, Lightspeed Commerce, and Vermillion Energy, which have fallen by over 20% this year.
TSX Index technical analysis
TSX Composite chart | Source: TradngView
The daily chart shows that the TSX Composite Index has been in a strong rally in the past few years. It has jumped above the important resistance level at $25,845, its highest point in December last year and March this year. Moving above that level invalidated the double-top pattern.
The index has soared above all Exponential Moving Averages (EMA). Additionally, the Relative Strength Index (RSI) and the MACD indicators have all trended upward, with the RSI reaching the overbought level.
The most likely scenario is where the index pulls back a bit this month, potentially to the support at $26,500, and then resumes the uptrend. A drop below the support at $25,845 will invalidate the bullish TSX forecast.
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