Equities in Canada’s largest centre followed their American brethren into the sky Friday, as resource stocks led gainers.
The TSX hiked 244.92 points to end Friday at 36,381.23. On the week, that gain was 1,155 points, or 3.3%.
The Canadian dollar gained 0.37 cents at 71.73 cents U.S.
In earnings, Lundin Gold posted a rise in second-quarter revenue, while insurer Sun Life Financial reported higher quarterly profit on strength in its Asia and domestic business.
Lundin shares rocketed $5.33, or 6.2%, to $92.03, while Sun Life dropped $1.34, or 1.2%, to $114.25.
Markets await quarterly results from Pembina Pipeline and Fiera Capital, among other companies, on Friday. Pembina fell $1.10, or 1.6%, to $66.27, while Fiera shares fell 32 cents, or 6.3%, to $4.75.
Among miners B2Gold Corp jumping $1.29, or 22.5% to $7.03, to lead gains on the main index. IAMGOLD and Aris Mining were also among the top performers. IAMGOLD shares zoomed $3.08, or 13.7%, to $25.56, while Aris shares grabbed $2.12, or 9.6%, to $24.23.
On the trade front, the U.S. and Canada had "constructive" trade talks in Washington on Thursday, said Trade Minister Dominic LeBlanc.
On the economic front, Statistics Canada reported employment increased by 75,000 (+0.4%) in July. The unemployment rate declined 0.1 percentage points to 6.4%
Moreover, the IVEY PMI index skidded to 55.1 in July from 56.2 in June, also down from 55.8 in July 2025.
ON BAYSTREET
The TSX Venture Exchange gained 28.12 points, or 3%, to 954.90, for a gain on the week of 87.8 points, or 10.1%.
Seven of the 12 TSX subgroups gained, led by gold, higher 6%, materials, up 4.2%, and real-estate, up 0.8%.
The five laggards were weighed most by health-care, dipping 1.4%, energy, jettisoning 1.2%, and utilities, off 0.6%.
ON WALLSTREET
The S&P 500 rose on Friday as traders interpreted an unexpected loss of jobs in July as meaning the Federal Reserve won’t need to raise interest rates soon and can leave monetary policy on hold for now.
The Dow Jones Industrials gained 151.42 points, to close the week at 54,036.52.
The much-broader index advanced 47.5 points to 7,757.46.
The NASDAQ Composite sprang 342.26 points, or 1.3%, to 26,690.62.
Stocks are headed for a second straight week of gains. The S&P 500 has risen more than 3% week to date, while the NASDAQ could post its best weekly performance since April with a rise of around 5%, thanks to a bounce-back in chip stocks.
July’s nonfarm payrolls report showed a drop of 23,000 jobs, while economists polled by Dow Jones had forecast a gain of 83,000.
The unemployment rate fell to 4.1% as the labor force participation rate fell to its lowest level in more than five years. Economists had expected it to remain unchanged at 4.2%.
Cloudflare popped 6% after the cloud cybersecurity company issued a solid full-year and current-quarter outlook. Shares of Atlassian jumped 30% after the company’s fourth-quarter adjusted earnings and revenue surpassed expectations and issued upbeat guidance.
Airbnb shares also rallied 14% after the vacation rental company posted a beat on the top and bottom lines.
Oil prices, meanwhile, were little changed as investors awaited a potential deal from the U.S. and Iran to reopen the Strait of Hormuz.
Treasury Secretary Scott Bessent told the media earlier in the week that the two sides could reach a deal soon.
Prices for the 10-year Treasury inched up, lowering yields to 4.64% from Thursday’s 4.67%. Treasury prices and yields move in opposite directions.
Oil prices dipped 37 cents to $76.92 U.S. a barrel.
Gold prices hiked $108.30 to $4,407.90 U.S. an ounce.
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