TSX Rises as Gold Miners Lead Gains

The S&P/TSX Composite Index gained 0.8% to close at 35,200 on Thursday, led by mining and financial stocks. Gold prices climbed as the US dollar weakened and investors sought safe-haven assets, boosting miners. Financials also advanced, with RBC rising 1.4% and TD Bank adding 1.1%. Elsewhere, Triple Flag gained 2.9% after reporting preliminary second-quarter revenue of $129.2 million, up from a year earlier. Firan Technology fell 2.8%, reversing earlier gains despite beating second-quarter revenue estimates. Meta also announced plans to build its first Canadian data center in Alberta, underscoring continued investment in AI infrastructure. Investors now await Canada's June employment report on Friday for further clues on the BoC's policy outlook. Markets widely expect the central bank to leave interest rates unchanged at its next meeting.

The S&P/TSX Composite Index gained nearly 0.5% to trade above the 35,000 mark on Thursday, supported by strength in the mining sector. Gold prices moved higher as the US dollar stabilized, lifting Barrick, Agnico Eagle, WPM, and Franco-Nevada by about 1% each. Financial stocks also advanced, with RBC and TD Bank gaining more than 0.5%. Elsewhere, Triple Flag added over 0.5% after reporting preliminary second-quarter revenue of $129.2 million, up from a year earlier. Firan Technology jumped more than 5% after beating second-quarter revenue estimates. Also, Meta announced plans to build its first Canadian data center in Alberta, underscoring continued investment in AI infrastructure. Investors now await Canada's June employment report on Friday for further clues on the Bank of Canada's policy outlook. Markets widely expect the central bank to leave interest rates unchanged at its next meeting.

Futures tracking the S&P/TSX Composite Index were little changed on Thursday as investors assessed the impact of renewed fighting in the Middle East on inflation. Oil prices remained firm after surging in the previous session, backing concerns energy-driven inflation and higher interest rates to pressure financial companies. Meanwhile, gold prices edged higher as the USD stabilized, lending support to mining stocks. Elsewhere, Triple Flag reported preliminary second-quarter revenue of $129.2 million, up from a year earlier. Firan Technology beat second-quarter revenue estimates. Meta announced plans to build its first Canadian data center in Alberta, highlighting continued investment in AI infrastructure. Investors now await Canada's June jobs report on Friday for further clues on the BoC's policy outlook. Markets widely expect the central bank to keep interest rates unchanged.