TSX up 1.2% With Miners, Industrials, The Best Performers

12:08 PM EST, 11/12/2025 (MT Newswires) -- The Toronto Stock Exchange is up 378 points and is trading at record-high levels, with most sectors higher.

The best performers are miners (+1.8%), industrials and financials (both up 1%).

Energy (-0.3%), and telecoms (-0.07%), are the sole decliners.

The Bank of Canada will release the 'Summary of Deliberations' around its October 29 meeting and rates decision this afternoon. BMO's Benjamin Reitzes expects it to reflect policymakers' shift to a more neutral bias following back-to-back 25 bp rate cuts. Reitzes said the Bank believes it's providing a modest amount of stimulus, with the federal government adding a helping hand. "A decent chunk of the budget measures were previously announced and would have been incorporated into the October MPR forecast." Reitzes said that leaves economic risks skewed to the downside, although sticky inflation is driving caution. "We'll be looking for any insights on indicators the Bank will be watching that could drive further easing."

Meanwhile, Prime Minister Mark Carney is unveiling the second phase of major projects Thursday, with that list including mining and energy developments, sources have confirmed to CTV News. According to the sources, the new projects will include the Ksi Lisims liquefied natural gas (LNG) project in British Columbia, Ontario's Crawford nickel project, the Sisson Mine in New Brunswick and a hydroelectric development in Iqaluit. The list is also subject to change, the sources say. CBC News and the Globe and Mail were first to report on the projects.

BNN Bloomberg noted oil and gas experts are at odds on how Canada should diversify its energy resources. While PM Carney's government is developing a liquified natural gas (LNG) industry to capitalize on Canada's natural gas reserves, meet global energy demand, and unlock economic benefits like job creation and revenues, competition is expected from the United States and Qatar. "Many importing countries are shifting away from expensive and imported gas and towards cheaper, more reliable renewables," said Steven Haig, policy advisor for the International Institute for Sustainable Development (IISD). "This means that when it comes to the economic benefits of LNG, Canada is late to the party, and that party is almost over."

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both of those carney related stories are here

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https://www.bnnbloomberg.ca

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