The Canadian benchmark closed 0.5% higher at 35,369 as firmer gold prices lifted miners, lower yields supported financials, and a pullback in oil weighed on energy shares.
The S&P/TSX Composite Index rose 0.5% on Friday to close at 35,369, extending gains above 35,000 as strength in financial, mining and technology shares offset weakness in energy. Firmer gold prices lifted Agnico Eagle by 0.7% and WPM by 1.5%, while lower bond yields supported banks and Brookfield after a pause in oil’s rally eased concerns about energy-driven inflation. TD Bank gained 0.7%, BMO and Scotiabank each added 0.7%, CIBC rose 0.9%, and Brookfield advanced 1.2%. In technology, Shopify climbed 1.6% and Constellation Software rose 4%, while Celestica tumbled 8.7% in line with a selloff in U.S. chipmakers. Energy shares fell as oil pulled back from recent highs, with Canadian Natural down 1.1%, Suncor losing 0.7%, and Cenovus falling 1.4% ahead of its earnings report due July 29.