Canada’s benchmark Toronto Stock Exchange is up in midday trading on April 14 after Prime Minister Mark Carney secured a majority government in Parliament.
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The Toronto Stock Exchange was up as much as 1% on news that Carney’s ruling Liberal Party has achieved a majority government. Canada’s stock market has steadily outperformed the neighboring U.S. this year as high energy prices give the country’s leading exchange a boost.
So far in 2026, the Toronto Stock Exchange is up 7%, compared to a 1% gain for the benchmark S&P 500 index in the U.S. Over the past year, the Toronto bourse has increased 42%, making it a top-performer globally. Leading Canadian stocks such as Shopify (SHOP), Lululemon Athletica (LULU), and Royal Bank of Canada (RY) are rising on news of Carney’s parliamentary majority.
Prime Minister Mark Carney’s Big Win
Carney’s Liberal Party secured majority government status in Canada’s Parliament following three byelection wins. The Liberal government picked up two Toronto-area seats and a third seat in a riding located in the French-speaking province of Quebec.
Having a majority government in Parliament means that Carney can execute his government’s agenda without the support of the opposition Conservatives or socialist New Democratic Party. In celebrating the victory, Carney said that a majority government will provide greater stability for Canada at a time of geopolitical uncertainty.
Is LULU Stock a Buy?
Lululemon Athletica’s stock has a consensus Hold rating among 20 Wall Street analysts. That rating is based on one Buy and 19 Hold recommendations issued in the last three months. The average LULU price target of $179.53 implies 11.47% upside from current levels.
