Canada's main stock index was ahead on Thursday, with resource stocks rumbling, primarily energy.
The TSX rocketed 205.25 points to conclude Thursday at 33,594.98.
The Canadian dollar eked ahead 0.03 cents at 73.04 cents U.S.
Health-care shares led sectoral declines, though specialty pharma firm Bausch Health dropped 40 cents, or 4.7%, to $8.11 after reporting a quarterly loss.
Nutrien missed quarterly profit estimates on lower crop nutrient volumes. Nutrien shares jumped $2.02, or 2.2%, to $98.41.
Among miners, Kinross Gold and Teck Resources beat quarterly profit estimates. Kinross shares docked $1.58, or 3.3%, to $45.78, while Teck lost six cents to $81.28.
In energy stocks, Baytex hiked 27 cents, or 5.4%, to $5.22, while Cenovus Energy gained $1.26, or 4.1%, to $31.17.
In materials, First Majestic Silver sprang up $2.98, or 9.6%, to $33.96, while SSR Mining captured $3.40, or 9.3%, to $39.85.
Industrials did well, too, as Badger Infrastructure took on $1.97, or 2.8%, to $71.91, while ATS Corp. $1.60, or 3.7%, to $44.54.
Consumer discretionary stocks went the other way, though, as Gildan Activewear dumped $1.67, or 1.7%, to $97.33, while Canadian Tire shares hesitated $2.21, or 1.2%, to $182.53.
In financials, Brookfield Asset Management gave up $3.11, or 4.3%, to $68.57, while EQB docked $3.91, or 3.2%, to $117.65.
In telecoms, Cogeco Communications lost 47 cents to $69.45, while BCE fell 20 cents to $35.01.
On the economic beat, Statistics Canada reported this country’s merchandise exports increased 2.6% in December, while imports were up 0.6%. As a result, Canada's merchandise trade deficit with the world narrowed from $2.6 billion in November to $1.3 billion in December.
ON BAYSTREET
The TSX Venture Exchange gathered 20.87 points, or 2.1%, to 1,017.36
Eight of the 12 TSX subgroups were positive at the final bell., with energy surging 2.2%, gold, brighter 1.5%, and materials ahead 1.4%.
The four laggards were consumer discretionary stocks, down 0.7%, while financials and telecoms gave up 0.5%.
ON WALLSTREET
Stocks fell on Thursday, leaving the S&P 500 stuck around the flatline for the year, as investors shifted away from financials and monitored simmering tensions between the U.S. and Iran.
The Dow Jones Industrial Average sank 225.11 points to 49,437.55.
The much-broader index moved down 19.87 points to 6,861.44.
The NASDAQ ditched 26.22 points to 22,727.42.
With Thursday’s move, the S&P 500 was up 0.02% for the year, while the 30-stock Dow was higher by more than 2%. The tech-heavy NASDAQ, however, is down more than 2% in 2026.
Investors moved out of private credit stocks after private market and alternative assets manager Blue Owl Capital announced it’s going to tighten investor liquidity following its sale of $1.4 billion in loan assets, spurring worries among investors about losses in the murky private loans area. That stock declined 7%, while others such as Blackstone sank 6% and Apollo Global Management was down 5%.
Alongside asset managers, software was another area under pressure. Salesforce shares were lower by more than 1%, while Intuit shares fell more than 2%. Shares of Cadence Design Systems declined 4%.
The group has become a sore spot for the market lately as investors fear that artificial intelligence will disrupt the industry. In fact, Mistral AI CEO Arthur Mensch told reporters Wednesday that more than 50% of enterprises’ software could be replaced by the technology.
Prices for the 10-year Treasury slid, bringing yields up to 4.08% from Wednesday’s 4.07%. Treasury prices and yields move in opposite directions.
Oil prices regained $1.56 Thursday to $66.75 U.S. a barrel.
Gold prices gained $9.80 to $5,019.30 U.S. an ounce.
