TSX Rises on Banks and Miners

2026-07-30 20:54 By Isabela Couto 1 min. read

The S&P/TSX Composite Index rose 0.5% to close at 35,506 on Thursday, supported by gains in mining and heavyweight financial stocks.

Major banks rebounded after Wednesday's selloff, with TD Bank up 2%, Scotiabank rising 1.6%, RBC and BMO gaining 1.4% each, and CIBC adding 1.2%.

Gold prices climbed as a weaker US dollar lifted miners.

Agnico Eagle jumped 4%, while Barrick gained 3.2%, WPM rose 3.1%, and Franco-Nevada advanced 2.8%.

Technology stocks weakened as Lightspeed Commerce tumbled 12.8% after missing first-quarter profit estimates.

Shopify fell 5.6% and Constellation Software lost 3.1%, while Celestica surged 6.9%, tracking a rally in US chipmakers.

On earnings, Vermilion Energy (+5.6%), Kinross Gold (+1.2%), Cenovus (+4%), Alamos Gold (-1%), and Loblaw (-0.5%) beat expectations, while Ivanhoe Mines (-0.2%) and Tourmaline Oil (-3.3%) missed.

Canadian Natural (+1.4%) and Fairfax Financial (-2.1%) report after the close.



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TSX Rises on Banks and Miners
The S&P/TSX Composite Index rose 0.5% to close at 35,506 on Thursday, supported by gains in mining and heavyweight financial stocks. Major banks rebounded after Wednesday's selloff, with TD Bank up 2%, Scotiabank rising 1.6%, RBC and BMO gaining 1.4% each, and CIBC adding 1.2%. Gold prices climbed as a weaker US dollar lifted miners. Agnico Eagle jumped 4%, while Barrick gained 3.2%, WPM rose 3.1%, and Franco-Nevada advanced 2.8%. Technology stocks weakened as Lightspeed Commerce tumbled 12.8% after missing first-quarter profit estimates. Shopify fell 5.6% and Constellation Software lost 3.1%, while Celestica surged 6.9%, tracking a rally in US chipmakers. On earnings, Vermilion Energy (+5.6%), Kinross Gold (+1.2%), Cenovus (+4%), Alamos Gold (-1%), and Loblaw (-0.5%) beat expectations, while Ivanhoe Mines (-0.2%) and Tourmaline Oil (-3.3%) missed. Canadian Natural (+1.4%) and Fairfax Financial (-2.1%) report after the close.
2026-07-30
TSX Edges Higher on Financials and Miners Gains
The S&P/TSX Composite Index edged higher to trade above 35,000 on Thursday, supported by gains in financial and mining stocks. Financials advanced, with RBC, TD Bank, CIBC, and Scotiabank up about 1% each. Gold prices rose, lifting miners, with Barrick and Franco-Nevada gaining nearly 1%. Technology stocks were mostly lower, with Shopify down 3% and Constellation Software losing nearly 4%, tracking weakness in US software application shares after Meta's guidance disappointed investors. In contrast, Celestica surged 6%, following a rally in US chipmakers. On the earnings front, Vermilion Energy (+2.5%), Kinross Gold (+0.2%), Cenovus (+0.3%), Alamos Gold (-2%), and Loblaw (-0.5%) reported results above expectations, while Ivanhoe Mines (+0.1%) and Tourmaline Oil (-3%) missed estimates. Canadian Natural (-0.5%) and Fairfax Financial (-1%) are due to report after the market close.
2026-07-30
TSX Futures Gain as Corporate Earnings Roll In
Futures tracking the S&P/TSX Composite Index moved higher on Thursday as investors assessed a fresh round of corporate earnings. Vermilion Energy, Kinross Gold, Cenovus, Alamos Gold, Loblaw, and TransCanada reported results above expectations. In contrast, Ivanhoe Mines and Tourmaline Oil missed earnings estimates. Canadian Natural Resources and Fairfax Financial are due to report later in the session. Gold prices rose, supporting mining stocks. Meanwhile, minutes from the Bank of Canada's July 15th policy meeting showed policymakers were divided over the sustainability of the economic recovery. Separately, Prime Minister Mark Carney downplayed the possibility of restricting oil exports to the US as leverage in trade negotiations.
2026-07-30