The S&P/TSX Composite Index rose 0.8% on Thursday to close at 35,200, driven by gains in mining and financial shares. Gold miners advanced as bullion prices climbed, supported by a weaker US dollar and increased demand for safe-haven assets. Financial stocks also moved higher, with Royal Bank of Canada up 1.4% and Toronto-Dominion Bank adding 1.1%.
In corporate news, Triple Flag gained 2.9% after reporting preliminary second-quarter revenue of $129.2 million, an increase from a year earlier. Firan Technology slid 2.8%, giving back earlier gains despite exceeding second-quarter revenue 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, seeking further insight into the Bank of Canada’s policy trajectory. Markets widely expect the central bank to keep interest rates on hold at its next meeting.
