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TSX Surges Nearly 2% on Thursday as Bombardier Leads Broad Rally into May

Friday, May 1, 2026 | Canadian Money Brief | moneysavings.ca TSX Posts Strong Close to April Canada's main stock index finished April on a high note. The S&P/TSX Composite Index gained 645.94 points, or 1.9%, to close Thursday at 33,964.33. That capped a positive month for the index, with consumer, health-care, and discretionary sectors all contributing to the advance. The Canadian dollar recovered 0.47 cents to 73.62 cents U.S. Bombardier Steals the Show The session's headline mover was Bombardier. Bombardier jumped $48.59, or 20.4%, to close at $288.40 — the top of the main index — after the business jet maker beat estimates for first-quarter profit, helped by robust demand for its repair and maintenance services. On the broader earnings front, Bausch Health edged up 12 cents, or 1.7%, to $7.79, after the pharmaceutical firm's first-quarter results also beat estimates. Among notable decliners, Allied Properties REIT fell 26 cents, or 2.6%, to $9.84 after the...
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Liberal Leadership Race Heats Up as High-Profile Candidates Emerge

 

As the race to elect a new Liberal leader quickly approaches, the field of hopefuls is narrowing. Former Bank of Canada governor Mark Carney is expected to launch his bid to replace Prime Minister Justin Trudeau after signaling plans through his campaign team. Former B.C. premier Christy Clark is also debating whether to put her name forward, expressing her serious consideration despite disappointment with the short timeline for the race.

Several high-profile cabinet ministers have announced they will not run, including Labour Minister Steven MacKinnon and Transport and Internal Trade Minister Anita Anand, who each bowed out over the weekend. They join Finance Minister Dominic Leblanc and Foreign Affairs Minister Melanie Joly, who have decided to focus on their portfolios instead.

Hopefuls have until January 23 to declare their candidacy, with the new leader set to be announced on March 9. So far, former Montreal MP Frank Baylis and Nepean, Ont., MP Chandra Arya are the only ones to publicly state their intention to run.

The race is shaping up to be a pivotal moment for the Liberal Party as it seeks new leadership and direction for the future.

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