Canada: TSX Rises on Financials and Miners Gains.
The S&P/TSX Composite Index gained 0.5% to trade near the 35,000 mark on Thursday, supported by gains in the financial and mining sectors. Oil prices fell to levels last seen before the start of the Iran conflict on signs of rising Middle East supply. Lower energy costs pushed bond yields down by easing inflation concerns, lifting financial stocks and the broader index. TD Bank, BMO, and Brookfield added around 1%. Gold prices edged higher, supporting mining shares. Agnico Eagle, Barrick, and Franco-Nevada gained nearly 2%, while WPM rose more than 1%. Meanwhile, technology stocks traded mixed after upbeat forecasts from Micron and Qualcomm pointed to resilient AI demand. Celestica added over 1% and Constellation Software rose more than 0.5%, while Shopify fell about 1%. Investors also assessed the latest minutes from the Bank of Canada, which showed policymakers agreed to keep monetary policy flexible in response to potential new US trade restrictions and shifts in energy prices.