TSX Nears Record High on Strong Jobs Report

2026-07-10 20:23 By Isabela Couto 1 min. read

The S&P/TSX Composite Index gained 0.3% to close at 35,305, nearing its record high after a stronger-than-expected jobs report.

Employment in Canada rose by 18,200 in June following an increase of 88,000 in May, while the unemployment rate unexpectedly fell to its lowest level in nearly two years.

Financials traded higher, with RBC up 1%, TD Bank adding 0.7%, BMO gaining 1.1%, and Brookfield rising 1.6%.

Retailers also posted gains, with ATD up 0.8% and Loblaw adding 1.2%.

In the tech sector, Constellation Software gained 2.4% after SK Hynix raised $26.5 billion in its American depositary receipt offering, delivering the largest-ever US first-time stock sale by a foreign company.

In contrast, mining stocks declined as gold prices moved lower.

Agnico Eagle lost 1.6%, Barrick shed 0.6%, and Franco-Nevada fell 1.4%.



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TSX Nears Record High on Strong Jobs Report
The S&P/TSX Composite Index gained 0.3% to close at 35,305, nearing its record high after a stronger-than-expected jobs report. Employment in Canada rose by 18,200 in June following an increase of 88,000 in May, while the unemployment rate unexpectedly fell to its lowest level in nearly two years. Financials traded higher, with RBC up 1%, TD Bank adding 0.7%, BMO gaining 1.1%, and Brookfield rising 1.6%. Retailers also posted gains, with ATD up 0.8% and Loblaw adding 1.2%. In the tech sector, Constellation Software gained 2.4% after SK Hynix raised $26.5 billion in its American depositary receipt offering, delivering the largest-ever US first-time stock sale by a foreign company. In contrast, mining stocks declined as gold prices moved lower. Agnico Eagle lost 1.6%, Barrick shed 0.6%, and Franco-Nevada fell 1.4%.
2026-07-10
TSX Edges Higher After Jobs Report
The S&P/TSX Composite Index edged up to trade above 35,000 on Friday, near its record amid a strong jobs report. Domestic employment in rose by 18,200 in June to extend the 88,000 addition in May, while the unemployment rate unexpectedly fell and tied the lowest level in nearly two years. Financials traded mixed as a strong economy balanced with less urgency for the BoC to cut rates, with Brookfield up nearly 2%, while TD Bank shed about 1%. In the tech sector, Shopify jumped 4%, following an earlier rally in the US after SK Hynix raised $26.5 billion in its American depositary receipt offering, powering through volatility to deliver the largest-ever US first-time stock sale by a foreign company. Elsewhere, Velan (-2%) reported an adjusted first-quarter net loss.
2026-07-10
TSX Futures Muted
Futures tracking the S&P/TSX Composite Index were little changed on Friday as investors assessed June's jobs report and renewed tensions in the Middle East. Canada added 18,000 jobs in June, above expectations for a 10,000 increase, following a gain of 88,000 in May. Meanwhile, oil prices ticked higher as renewed US-Iran hostilities disrupted shipping through the Strait of Hormuz, reviving concerns over supply disruptions and energy-driven inflation. Also, gold prices slipped, weighing on miners. Elsewhere, Velan reported an adjusted first-quarter net loss. On the trade front, Prime Minister Carney said Saudi Arabia could help Canadian mining firms expand globally and met with the head of Saudi Aramco to discuss deeper cooperation.
2026-07-10