S&P/TSX rises nearly 1% above 36,000 as miners advance

  • S&P/TSX Composite Index climbed nearly 1% above 36,000, led by mining stocks.
  • Agnico Eagle rose nearly 3%, while Barrick gained over 2% and WPM added 2.5%.
  • Canadian banks and technology shares advanced despite weaker services activity and ATD’s decline.

The S&P/TSX Composite Index climbed nearly 1% to trade above 36,000, led by mining stocks as gold prices advanced. Agnico Eagle rose nearly 3%, Barrick gained more than 2% and WPM added 2.5%, while Kinross, First Quantum and Lundin each posted gains of about 3%, 2.5% and 3%, respectively. Banking shares also moved higher despite hawkish remarks from BoC Governor Tiff Macklem after Wednesday’s rate decision, with RBC, BMO, Scotiabank and CIBC each gaining more than 0.5%. Technology stocks were mostly stronger alongside gains among Wall Street’s hyperscalers, with Shopify up more than 1.5% and Celestica advancing 3%. Dollarama rose 1.2% and Weston gained 0.5%, even as Canadian services activity recorded its steepest decline since February. ATD fell nearly 2%.

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S&P/TSX rises nearly 1% above 36,000 as miners advance - CoinPost Terminal