Toronto Stocks Advance, Cameco, Brookfield Asset Management Rise on Power Partnership With U.S.

By Adriano Marchese

Toronto-listed stocks were higher, despite a mixed performance among Canadian sectors.

Materials stocks were higher Tuesday, thanks to a broad push by Canadian uranium producers, followed by tech and distribution services. The top laggards were health services, energy materials and health tech.

Canada's S&P/TSX Composite Index rose 0.4% to 30392.76 and the blue-chip S&P/TSX 60 advanced by 0.3% to 1793.25.

Shares in Cameco and Brookfield Asset Management rose after forming a partnership with the U.S. government through their company Westinghouse Electric to help build up to $80 billion in nuclear reactors. Cameco shares jumped 22% to 147.82 Canadian dollars ($105.66), while Brookfield Asset Management shares rose 1.1% to C$77.23.

Other market movers:

Celestica climbed 5% to C$444.66 after the Canadian electronics manufacturing services company reported a jump in third-quarter revenue and profit, prompting it to boost to its outlook for the year. The performance was driven by growing demand for artificial intelligence hyperscalers, it said.

Other Canadian uranium stocks were also higher, piggybacking on the U.S. government partners with Cameco-Brookfield Asset Management's Westinghouse Electric. NexGen Energy rose 11% to C$13.19, Denison Mines was higher by 11% to C$4.31, and Energy Fuels rose 7.2% to C$28.65.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

October 28, 2025 12:41 ET (16:41 GMT)