The markets ended Thursday on the upside, with resource stocks powering much of this rise.
The TSX Composite Index gained 109.68 points to end Thursday at 34,966.67.
The Canadian dollar recovered 0.18 cents to 70.51 cents U.S.
Gold led gainers Thursday, led by Eldorado Gold rocketed $3.30, or 7.5%, to $47.44, while NovaGold took on 61 cents, or 7.2%, to $9.09.
In real-estate, Altus Group hiked $2.12, or 4.7%, to $47.18, while Colliers International leaped $6.23, or 4.7%, to $139.32.
In materials, Discovery Silver advanced 63 cents, or 7.4%, to $9.11, while K92 Mining added $1.28, or 5.8%, to $23.54.
Telecoms weighed things down, primarily TELUS, which sank 52 cents, or 3.5%, to $14.47, while Rogers receded $1.32, or 2.9%, to $44.82.
In consumer staples, Loblaw stepped back $1.44, or 2.2%, to $62.90, while George Weston gave up $1.10, or 1.1%, to $100.70.
Financials dipped, too, as TD dropped $3.34, or $169.08, while BMO slid $3.86, or 1.5%, to $246.78.
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.
ON BAYSTREET
The TSX Venture Exchange was up 17.48 points, or 2%, to 914.38.
Seven of the 12 TSX subgroups lost ground by the close Thursday, with telecoms bowing 1.9%, while consumer staples stocks lost 1% and financials were poorer 0.9%.
The five gainers were led by gold, ahead 2.8%, real-estate picked up 1.8%, materials, sprinting 2.7%. and materials, gathering 1.7%.
ON WALLSTREET
The Dow Jones Industrial Average scaled to a record high on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June, while the NASDAQ Composite languished as semiconductors struggled once again.
The 30-stock index rocketed 594 points, or 1.1%, to 52,899.24.
The S&P 500 dipped 0.53 points to 7,482.76.
The NASDAQ dropped 207.36 points to 25,832.67, led by 13% declines in Teradyne and KLA. Nvidia shares also pulled back 2.1%, while Micron lost 6%.
The major averages were on track to finish the holiday-shortened week with solid gains. The broad-based S&P 500 is pacing for a more than 1.8% gain, while the 30-stock Dow slid 1.7% and tech-heavy NASDAQ is heading for a jump of more than 2.4%.
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.
Tesla shares sank as much as 7.9% Thursday after the electrical vehicle maker reported second-quarter delivery and production levels far above Wall Street expectations, as Elon Musk’s automaker tries to rebound from consecutive annual declines in auto sales.
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 4.49% from Wednesday’s 4.45%. Treasury prices and yields move in opposite directions.
Oil prices ditched 11 cents to $68.47 U.S. a barrel.
Gold prices climbed $44.20 to $4,126.60 U.S. an ounce.
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