25.06.202613:58:11UTC+00TSX Rises on Financials and Miners Gains

The S&P/TSX Composite Index rose 0.5% on Thursday, trading just below the 35,000 level, driven by strength in financial and mining shares. Oil prices retreated to their lowest levels since before the onset of the Iran conflict amid signs of increasing supply from the Middle East. The drop in energy prices eased inflation worries and pulled bond yields lower, which in turn supported financial stocks and the broader equity market. TD Bank, BMO, and Brookfield each advanced around 1%.

Gold prices inched higher, providing a tailwind for mining names. Agnico Eagle, Barrick, and Franco-Nevada climbed nearly 2%, while WPM gained more than 1%. In contrast, technology stocks were mixed. Positive outlooks from Micron and Qualcomm underscored resilient demand for AI-related products, helping some names in the sector. Celestica added more than 1%, and Constellation Software rose over 0.5%, whereas Shopify slipped roughly 1%.

Investors also digested the latest minutes from the Bank of Canada, which indicated that policymakers intend to keep monetary policy flexible in light of potential new US trade restrictions and evolving energy market dynamics.