Canada's main stock index opened higher on Thursday, lifted by the materials sector as gold prices jumped after a disappointing U.S. jobs report tempered expectations for interest rate hikes.
The TSX Composite Index gained 96.37 points to open Thursday at 34,953.36.
The Canadian dollar recovered 0.21 cents to 70.55 cents U.S.
On the economic front, the S&P Global Canada Manufacturing PMI held at 53.0 in June 2026, little changed from the 52.9 reading in May.
Markets in Canada were shuttered Wednesday in honour of Canada Day.
ON BAYSTREET
The TSX Venture Exchange was up 20.93 points, or 2.3%, to 917.83.
Seven of the 12 TSX subgroups lost ground at the opening on Thursday, with consumer staples sliding 1.7%, health-care dawdling 1.2%, and consumer discretionary stocks lower 0.8%.
The five gainers were led by gold, shining 3.4% brighter, materials, up 2.6%, and information technology, up 1.6%.
ON WALLSTREET
U.S. stocks rose on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June.
The Dow Jones Industrials rocketed 432.67 points to 52,737.91. The index hit a new all-time intraday high in the session.
The S&P 500 grew 36.14 points to 7,519.37.
The NASDAQ collected 40.41 points to 26,080.44.
Still, the major averages are on track to finish the holiday-shortened week with solid gains. The broad-based S&P 500 is pacing for a more than 2% gain, while the 30-stock Dow is readying for a jump of 1% and tech-heavy NASDAQ foresees gains of more than 3%.
Electric vehicle manufacturer Tesla reported better-than-expected vehicle deliveries for the second quarter.
Tesla delivered 480,126 vehicles, above expectations for 406,600. The figure is above the 384,000 deliveries that Tesla reported in the second quarter of 2025.
Shares of Tesla were higher premarket, rising by about 1%.
The June jobs report showed an increase of 57,000 last month, below the 115,000 jobs that economists polled by Dow Jones expected. The unemployment rate, however, dropped to 4.2%. Economists had forecast the rate to stay at 4.3%.
Prices for the 10-year Treasury withered, raising yields to 4.48% from Wednesday’s 4.45%. Treasury prices and yields move in opposite directions.
Oil prices ditched $1.04 to $67.54 U.S. a barrel.
Gold prices climbed $54.70 to $4,137.10 U.S. an ounce.
Related Stories
