The S&P/TSX Composite Index rose nearly 0.5% on Thursday, moving back above the 35,000 level, driven largely by gains in the mining sector. A firming in gold prices, as the US dollar steadied, supported roughly 1% advances in Barrick Gold, Agnico Eagle, Wheaton Precious Metals, and Franco-Nevada. Financials were also higher, with Royal Bank of Canada and TD Bank each climbing more than 0.5%.
In corporate news, Triple Flag advanced more than 0.5% after reporting preliminary second-quarter revenue of $129.2 million, an increase from a year earlier. Firan Technology surged over 5% following second-quarter revenue that exceeded analyst expectations. Meanwhile, Meta announced plans to build its first Canadian data center in Alberta, highlighting ongoing investment in AI-related infrastructure.
Looking ahead, investors are focused on Canada’s June employment report, due Friday, for additional guidance on the Bank of Canada’s policy path. Markets broadly expect the central bank to keep interest rates unchanged at its next meeting.
