31 July 2025, 18:13 Canada: TSX Rebounds on Thursday.
The S&P/TSX Composite rose about 0.2% to above the 27,400 mark on Thursday, paring yesterday's losses as a mix of upbeat corporate results, resilient commodity prices and stabilizing economic forecasts bolstered Canada’s largest equities. In information technology, Shopify and Constellation Software outperformed after Meta’s over 12% and Microsoft’s over 5% rallies fueled global tech optimism. At the same time, Agnico Eagle’s shares climbed over 3% on the back of a blockbuster Q2 in which adjusted EPS of $1.94 handily beat the $1.75 consensus and revenue jumped 35.6% to $2.82 billion, more than outperforming street estimates. On the data front, advance estimates showed a 0.1% rebound in June GDP, offsetting two months of contraction, reinforcing yesterday’s Bank of Canada pause at 2.75%. These supportive forces outweighed caution ahead of Friday’s US tariff deadline.
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