TSX Hits Record High on Gold Rally

2026-07-03 21:03 By Isabela Couto 1 min. read

The S&P/TSX Composite Index gained 0.9% to close at a record high of 35,275 on Friday, led by gold mining stocks after weaker-than-expected US jobs data boosted hopes for a more dovish Fed.

Gold prices rose after US nonfarm payrolls increased by roughly half the expected amount in June.

Agnico Eagle gained 2.7%, while WPM and Barrick advanced 2.6% and 2.4%, respectively.

Meanwhile, BHP Group agreed to transfer its San Manuel property in Arizona to Faraday Copper (+1.1%) in exchange for a 30% stake in the Canadian miner, which is seeking to develop a copper hub around its adjacent Copper Creek project.

Oil prices remained near pre-conflict levels amid optimism over US-Iran peace efforts, easing concerns about energy-driven inflation and supporting financial stocks, with Scotiabank rising 1% and Brookfield adding 1.1%.

Separately, AtkinsRéalis climbed 3.6% after saying Turkey could begin formal talks on a CANDU nuclear power plant following an early reactor review later this summer.



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TSX Hits Record High on Gold Rally
The S&P/TSX Composite Index gained 0.9% to close at a record high of 35,275 on Friday, led by gold mining stocks after weaker-than-expected US jobs data boosted hopes for a more dovish Fed. Gold prices rose after US nonfarm payrolls increased by roughly half the expected amount in June. Agnico Eagle gained 2.7%, while WPM and Barrick advanced 2.6% and 2.4%, respectively. Meanwhile, BHP Group agreed to transfer its San Manuel property in Arizona to Faraday Copper (+1.1%) in exchange for a 30% stake in the Canadian miner, which is seeking to develop a copper hub around its adjacent Copper Creek project. Oil prices remained near pre-conflict levels amid optimism over US-Iran peace efforts, easing concerns about energy-driven inflation and supporting financial stocks, with Scotiabank rising 1% and Brookfield adding 1.1%. Separately, AtkinsRéalis climbed 3.6% after saying Turkey could begin formal talks on a CANDU nuclear power plant following an early reactor review later this summer.
2026-07-03
TSX Nears Record High on Mining Rally
The S&P/TSX Composite Index gained nearly 1% to trade above the 35,000 mark on Friday, approaching record highs on gains from gold miners. Gold advanced after US nonfarm payrolls rose nearly half what was expected in June, boosting hopes for a more dovish Fed. Agnico Eagle, WPM, and Barrick gained about 2%. Meanwhile, BHP Group agreed to transfer its San Manuel property in Arizona to Faraday Copper (+1.5%) in exchange for a 30% stake in the Canadian miner, which is seeking to develop a copper hub around its adjacent Copper Creek project. Oil prices remained near pre-conflict levels amid optimism over US-Iran peace efforts, easing concerns about energy-driven inflation and supporting financial stocks, with Scotiabank and BMO both rising nearly 1%. Separately, AtkinsRéalis gained 1% after saying Turkey could begin formal talks on a CANDU nuclear power plant following an early reactor review later this summer.
2026-07-03
TSX Futures Gain as Gold Prices Climb
Futures tracking the S&P/TSX Composite Index edged higher on Friday, supported by firmer gold prices after weaker-than-expected US jobs data tempered expectations of a near-term Federal Reserve rate hike. Gold gained after data showed US nonfarm payrolls rose by 57,000 in June, well below forecasts of 110,000, boosting hopes for a more dovish Fed and supporting mining shares. Meanwhile, BHP Group agreed to transfer its San Manuel property in Arizona to Faraday Copper in exchange for a 30% stake in the Canadian miner, as Faraday seeks to develop a copper hub around its adjacent Copper Creek project. Oil prices remained near pre-war lows amid optimism over US-Iran peace efforts, easing concerns about energy-driven inflation and supporting financial stocks. Separately, AtkinsRéalis said Turkey could begin formal talks on a CANDU nuclear plant after completing an early reactor review later this summer.
2026-07-03