TSX Rises on Retail Gains

2026-06-11 14:31 By Isabela Couto 1 min. read

The S&P/TSX Composite Index gained 1% to trade near 34,500 on Thursday, led by strong gains in the retail sector.

Dollarama surged nearly 9% after reporting quarterly sales and profit that topped expectations.

The retailer posted net sales of C$1.85 billion in the first quarter, above forecasts of C$1.82 billion, while earnings came in at C$1.05 per share, exceeding expectations of C$0.99.

Peers Loblaw (+1%) and Alimentation Couche-Tard (+2%) also advanced.

Meanwhile, US President Trump said Washington would strike Iran again and increased pressure on Tehran to reach a deal.

Despite the renewed rhetoric, oil prices declined, pushing bond yields lower and easing concerns over energy-driven inflation.

Major banks moved higher, with RBC and TD Bank gaining more than 1%.

Mining stocks also advanced as gold prices edged up, with Barrick adding 1.5%.

Energy shares gained on uncertainty surrounding the normalization of oil supplies, with Imperial Oil rising nearly 2%.



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