TSX Today: What to Watch for in Stocks on Friday, January 19

Canada’s retail sales report, and the U.S. existing home sales data will remain on TSX investors’ radar today.

| More on:
tsx today

The Canadian stock market bounced back from its lowest level of 2024 on Thursday with the help of an intraday recovery in crude oil and precious metals prices. The S&P/TSX Composite Index rose 62 points, or 0.3%, yesterday to settle at 20,757.

Even as healthcare and utility stocks plunged further, strong gains in other sectors like consumer noncyclicals, industrials, and financials led the TSX benchmark’s recovery.

Top TSX Composite movers and active stocks

Orla Mining (TSX:OLA), GFL Environmental, Onex, Stella-Jones, and Badger Infrastructure were the top-performing TSX stocks in the last session as they inched up by at least 3.5% each.

The rally in Orla’s share prices started after the Vancouver-headquartered gold firm announced positive results from its 2023 exploration activities at the Camino Rojo Oxide Mine in Mexico. Orla’s exploration activity, which included 6,500 metres of drilling, confirmed and expanded oxide gold mineralization near the open pit, especially in the adjacent Layback Area. After sliding by 21% in 2023, OLA stock has recovered by 3.5% in January so far.

In contrast, shares of Fortuna Silver Mines (TSX:FVI) tanked by 11.7% to $4.24 per share after announcing its 2023 production and 2024 guidance. Last year, the Canadian mining company’s gold equivalent production jumped 13% from a year ago to 452,389 ounces with the help of high outputs from its Latin America and West Africa operations.

Created with Highcharts 11.4.3Fortuna Mining PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Fortuna expects its production levels to rise further in 2024, giving a guidance range of 457,000 to 497,000 gold equivalent ounces. On a year-to-date basis, FVI stock has lost nearly 17% of its value.

Birchcliff Energy and Lithium Americas (Argentina) were also among the bottom performers on the Toronto Stock Exchange, as they dived by at least 6.4% each in the last session.

Based on their daily trade volume, Enbridge, Birchcliff Energy, Royal Bank of Canada, Cenovus Energy, and Manulife Financial were the most active stocks on the exchange.

TSX today

Gold, silver, and copper prices were trading on a firm note early Friday morning, which could lift TSX metal and mining stocks at the open today.

Besides the existing home sales data from the United States, Canadian investors will also closely monitor the domestic retail sales report this morning, which could give further direction to stocks.

Market movers on the TSX today

Should you invest $1,000 in Barrick Gold right now?

Before you buy stock in Barrick Gold, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Barrick Gold wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,345.77!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*.

See the Top Stocks * Returns as of 4/21/25

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

The Motley Fool recommends Enbridge and Stella-Jones. The Motley Fool has a disclosure policy. Fool contributor Jitendra Parashar has no position in any of the stocks mentioned.

Confidently Navigate Market Volatility: Claim Your Free Report!

Feeling uneasy about the ups and downs of the stock market lately? You’re not alone. At The Motley Fool Canada, we get it — and we’re here to help. We’ve crafted an essential guide designed to help you through these uncertain times: "5-Step Checklist: How to Prepare Your Portfolio for Volatility."

Don't miss out on this opportunity for peace of mind. Just click below to learn how to receive your complimentary report today!

Get Our Free Report Today

More on Metals and Mining Stocks

nugget gold
Metals and Mining Stocks

This TSX Gold Stock Down 46% Looks Incredibly Undervalued

Down 46% from all-time highs, Equinox Gold is an undervalued TSX mining stock that offers you significant upside potential right…

Read more »

jar with coins and plant
Metals and Mining Stocks

Where Will Barrick Gold Be in 5 Years?

Barrick Gold stock's trajectory to 2029: Gold’s anchor, copper’s charge in the energy revolution

Read more »

worker holds seedling in soybean field
Metals and Mining Stocks

Where Will Nutrien Be in 3 Years?

With a sharp rebound underway, Nutrien stock is showing strength in 2025, so let’s find out what’s fueling the rise…

Read more »

hand stacking money coins
Metals and Mining Stocks

Beyond Gold: How Canadian Investors Can Capitalize on Copper and Silver Prices

Sprott Physical Silver Trust (TSX:PSLV) is a great portfolio diversifier for those looking to bet beyond gold.

Read more »

nugget gold
Metals and Mining Stocks

Barrick Gold vs. Agnico Eagle: How I’d Allocate $10,000 Between Mining Leaders

Here's how I'd split an investment between Barrick Gold (TSX:ABX) and Agnico Eagle (TSX:AEM) in this still-uncertain market environment.

Read more »

nuclear power plant
Metals and Mining Stocks

Is Cameco Stock a Good Buy Now?

Uranium miners such as Cameco Corporation (TSX:CCO) can be lucrative options. Here's why you need to buy Cameco stock today.

Read more »

nugget gold
Metals and Mining Stocks

Beyond Gold Miners: How This Royalty Giant Could Supercharge Your Returns

Are you looking to supercharge your portfolio with precious metals but without the need for traditional gold miners?

Read more »

farmer holds box of leafy greens
Metals and Mining Stocks

Down by 47%: Is Nutrien Stock a Good Buy Right Now?

As the world’s largest company in its industry, here’s why Nutrien (TSX:NTR) stock might be an excellent buy despite its…

Read more »