Canada: TSX Hits Record High on Gold Rally.
The S&P/TSX Composite Index gained 0.9% to close at a record high of 35,275 on Friday, led by gold mining stocks after weaker-than-expected US jobs data boosted hopes for a more dovish Fed. Gold prices rose after US nonfarm payrolls increased by roughly half the expected amount in June. Agnico Eagle gained 2.7%, while WPM and Barrick advanced 2.6% and 2.4%, respectively. Meanwhile, BHP Group agreed to transfer its San Manuel property in Arizona to Faraday Copper (+1.1%) in exchange for a 30% stake in the Canadian miner, which is seeking to develop a copper hub around its adjacent Copper Creek project. Oil prices remained near pre-conflict levels amid optimism over US-Iran peace efforts, easing concerns about energy-driven inflation and supporting financial stocks, with Scotiabank rising 1% and Brookfield adding 1.1%. Separately, AtkinsR