TSX up 102 Points at Midday With Miners, Energy, The Best Performers

The Toronto Stock Exchange is up 102 points at midday with most sectors higher.

Miners and energy are the best performers, up 2.8% and 1.3%, respectively.

Info tech and Industrials are the worst performers, down 2.5% and 1.3%, respectively.

Oil prices rose early on Monday after the United States rejected Iran's response to its peace proposal, calling it unacceptable, continuing the war that has produced the largest-ever energy supply shock.

Gold traded lower early Monday as the dollar and yields rose after the United States rejected Iran's response to its peace plan offered last week, calling the country's response unacceptable.

The Bank of Canada is seen increasing its policy rate in March 2027, according to findings in its own first quarter Market Participants Survey (MPS) released Monday. The MPS showed a median of 28 financial participants expect the policy rate to rise by 25bps to 2.50% in March 2027. The Q4 2025 MPS had predicted a 25bps rate hike in Q2 2027. Among other findings, a median of market participants forecast the consumer price index to be 2.6% at the end of the year and 2.1% at the end of 2027. The Q4 2025 MPS had projected CPI at 2.1% at the end of this year, as well as 12 months later.

The Q1 MPS also showed the median response saw gross domestic product growth at 1.6% this year and at 1.9% in 2027. Both are unchanged from the previous survey. The survey was conducted from March 25 to April 1.

Trisura Group Price Target Raised to $60.00 at RBC

RBC Capital Markets raised its price target on the shares of Trisura Group (TSU.TO) shares by $1.00 to $60.00 after the company's first-quarter results that were slightly ahead of estimates.Trisura's $0.78 operating EPS beat RBC's $0.72 estimate and $0.76 consensus, notes analyst Bart Dziarski, who is maintaining an outperform rating on the company.Gross premiums written (GPW) rose 3% YoY driven by Surety (+12%), Warranty (+9%) and US Programs (+6%), offset by Canadian Fronting (down 24%) as elevated competition appears to be intensifying, he adds.Trisura also expanded its U.S. Surety practice into five new states: Illinois, Pennsylvania, Georgia, Washington, and Florida. The last remaining major state for the company to obtain a license in is California, which Dziarski expect to occur in the near-term. RBC is modelling 2026 US GPW growth of 13%, accelerating to 16% in 2027."TSU trades at a slight discount to specialty peers and we believe a premium is warranted given superior growth profile."Price: $41.49, Change: $-0.67, Percent Change: -1.59%

$TSU.TO

Aurania Resources Raising $1.5 Million Via a Non-Brokered Private Placement of Share Units

Aurania Resources (ARU.V) on Monday said will raise up to $1.5 million in a private placement of share units.The company will place up to 8.3-million units priced at $0.18 apiece and made up of a share and a two-year warrant to buy a share for $0.35.The company has reserved the right to increase the size of the offering by up to 25%, raising up to an additional $375,000.Proceeds will be primarily used for exploration at the Thor's Valley epithermal gold project in Iceland, the Balangero nickel-cobalt tailings retreatment project in Italy, and for general working capital needs.Shares of the company were last seen unchanged at $0.205 on the TSX Venture Exchange.

$ARU.V

CIBC Raises Chorus Aviation's Price Target to C$31.00 From C$30.00

CIBC Capital Markets maintained its outperformer rating on the shares of Chorus Aviation (CHR.TO) and raised its price target to C$31.00 from C$30.00 after the company reported its first-quarter financial results on May 7.The company's Q1 results were broadly in line with CIBC's expectations and continue to reinforce the durability of the company's contracted cash flow profile, noted analyst Alexander Augimeri.While parts sales revenue has been down ~30% Y/Y for two consecutive quarters, this weakness largely reflects the timing of several parts sales transactions that closed shortly after quarter end, as well as tougher comparisons against prior year periods of higher-than-typical parts activity, Augimeri said. As a result, CIBC sees a return to positive Y/Y growth in the parts sales segment beginning in Q2/26."Separately, CHR will begin to lap the previously announced wind-down of UN related flying in Q3/26," the analyst added. "Taken together, we believe the upcoming quarters should mark a transition away from recent noise in Y/Y reported results and toward a cleaner Y/Y growth profile across CHR's parts sales and contract flying segments."CIBC said, stepping back, it continues to view parts sales as a "structurally attractive business" with recurring demand characteristics and a long-term growth profile of ~5% annually, but with "inherent lumpiness" on a quarterly basis."Q2/26 will also reflect a full quarter contribution from the Kadex acquisition, which has historically grown at a 5% - 10% rate, providing incremental support to segment growth going forward," added CIBC. "For context, we had previously modeled the Kadex acquisition closing at the end of Q2/26."Price: $24.22, Change: $+1.03, Percent Change: +4.44%

$CHR.TO

Related Articles

Trisura Group Price Target Raised to $60.00 at RBC

Aurania Resources Raising $1.5 Million Via a Non-Brokered Private Placement of Share Units

CIBC Raises Chorus Aviation's Price Target to C$31.00 From C$30.00