The S&P/TSX Composite Index declined by 0.5%, ending the year at 31,713, as investors engaged in year-end profit-taking and commodity prices weakened, causing a dip in the precious metals and technology sectors. Despite this late-year dip, the TSX concluded 2025 with a 28% increase, marking its most successful annual performance since 2009. This growth was largely propelled by leading banking and mining stocks, along with sustained monthly gains throughout December. The mining and materials sectors were among the year's standout performers, benefiting from surges in gold and silver prices driven by geopolitical tensions that boosted export values. Financial stocks also played a significant role in the year's strong returns. The modest decline at the year's close was further influenced by low holiday trading volumes and portfolio adjustments, as investors chose to secure profits after the TSX outperformed most global markets, achieving one of its strongest annual performances in over fifteen years.