Equities in Canada’s largest market jumped Thursday, as oil prices retreated once again, and as health-care issues competed with resource stocks as top gainers.
The TSX forged ahead 172.06 points to end Thursday at 35,505.84.
The Canadian dollar added 0.17 cents at 71.41 cents U.S.
Vermilion Energy and Kinross Gold posted higher second-quarter profits amid a flurry of earnings releases from energy and mining companies late Wednesday.
Vermilion shares moved ahead 84 cents, or 5.5%, to $15.86, while those for Kinross advanced 37 cents, or 1.1% at $32.08.
Investors now await quarterly earnings reports from Eldorado Gold and Baytex Energy, among others, due after the bell.
Eldorado shares captured $1.14, or 3.5%, to $45.89, Baytex shares gained 13 cents, or 2.2%, to $6.00.
Information technology stocks dipped, pressured by a fall of $1.98, or 12.8%, in shares of Lightspeed Commerce to $13.49, after the payments software firm missed first quarter profit estimates.
Industrials faltered, with shares of software-related firm Thomson Reuters down $10.94, or 7.3%, to $138.41 after surging more than 23% in the last four sessions.
Financials gained 1%, with lenders TD Bank up $3.25, or 2%, to $167.77, Royal Bank of Canada up $4.03, or 1.4%, to $294.37, and National Bank of Canada climbing $4.02, or 1.8%, to $227.10.
Meanwhile, shares of Bausch Health jumped $1.87, or 28.5%, to $8.43, leading gains on the main index, after the drugmaker beat second-quarter earnings estimates and raised 2026 outlook.
Bombardier reported better-than-expected second-quarter profit and posted a positive free cash flow for the second quarter. Its shares, however, were last down $28.30, or 7.9% to $330.01.
Prime Minister Mark Carney on Wednesday played down the idea of curbing oil supplies to the United States to gain leverage in a trade war, saying that would harm Canada's reputation.
On the economic front, Statistics Canada reports the number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—increased by 24,100 (+0.1%) in May, following an increase of 59,000 (+0.3%) in April and little change in March.
On a year-over-year basis, payroll employment was up by 112,500 (+0.6%) in May.
ON BAYSTREET
The TSX Venture Exchange recovered 16.83 points, or 2% to 875.39.
Seven of the 12 TSX subgroups found their strength again Thursday, with health-care headed higher 3.9%, gold hiking 3.4%, and materials popped 2.9%.
The five gainers were led by industrials, falling 2.9%, telecoms going south 2.2%, and information technology, losing 1.5%.
ON WALLSTREET
U.S. stocks rallied Thursday, rebounding from the prior day’s selloff when the Federal Reserve decided to hold rates steady. Microsoft and semiconductors helped drive the gains.
The Dow Jones Industrials rocketed 613.92 points, or 1.2%, of what it lost Wednesday to 51,208.06.
The S&P 500 recovered 121.48 points, or 1.7%, to 7,437.63.
The NASDAQ Composite leaped 679.24 points, or 2.8% to 25,122.18.
Microsoft jumped 15% after reporting growth from its Azure business. Micron Technology surged 13%, while Advanced Micro Devices were up more than 13%.
In contrast, Meta Platforms was down 9% after issuing a soft revenue forecast and a 91% drop in second-quarter free cash flow.
One of the busiest weeks of corporate earnings continues Thursday, with Amazon, Apple and Coinbase set to report after the close.
Wall Street is coming off a dismal session. On Wednesday, the Dow plunged more than 1,100 points, marking the blue-chip index’s worst decline since April 2025. The NASDAQ fell into correction territory.
The latest economic data released Thursday showed U.S. growth slowing to a 1.5% in the second quarter, according to Bureau of Labor Statistics. That missed the Dow Jones consensus estimate of 1.8%.
Inflation remained above the Fed’s target. The latest personal consumption expenditures price index falling a seasonally adjusted 0.1% for the month, and 3.7% for the year, in line with the Dow Jones consensus estimate.
But core PCE, which excludes food and energy, showed a monthly increase of 0.1% and an annual level of 3.3%. Economists were anticipating respective forecasts for 0.2% and 3.3%.
Prices for the 10-year Treasury improved, lowering yields to 4.67% from Wednesday’s 4.68%. Treasury prices and yields move in opposite directions.
Oil prices slipped 76 cents to $83.70 U.S. a barrel.
Gold prices shone brighter $75.10 to $4,172.20 U.S. an ounce.
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