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CANADA STOCKS-Financial, gold mining shares help TSX rebound
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CANADA STOCKS-Financial, gold mining shares help TSX rebound
Jul 9, 2026 2:23 PM

* TSX ends up 0.8% at 35,200.45.

* Materials group gains 3.3% as gold rallies

* Financials add 1%

* Energy loses 1.3% as oil settles nearly 2% lower

(Updates at market close)

By Fergal Smith

July 9(Reuters) - Canada's commodity-linked main stock

recouped on Thursday much of the previous day's 1% decline, as

financial and metal mining shares rallied.

The Toronto Stock Exchange's S&P/TSX Composite index

ended up 264.65 points, or 0.8%, at 35,200.45.

Wednesday's decline was the steepest in over a month and

included a seven-month low for the materials sector.

* "It seems like investors came in, bought the dip in some

of these areas," said Allan Small, senior investment advisor of

the Allan Small Financial Group with iA Private Wealth

* The materials sector, which includes metal

mining shares, rose 3.3% as gold rallied on bargain

hunting.

* Heavily weighted financials were up 1% and

technology ended 0.5% higher.

* Investors awaited domestic jobs data on Friday and a Bank

of Canada policy decision next Wednesday.

* "All that will go a long way as to (determining) what

interest rates are doing and what our dollar is doing," Small

said.

* The Canadian dollar steadied against its U.S. counterpart

on Thursday as recent domestic data, including export numbers,

helped ease negative sentiment around the currency.

* Six of the 10 major sectors on the TSX ended lower,

including energy. It lost 1.3% as the price of oil

settled nearly 2% lower at $72.08 a barrel.

* Shares of MDA Space Ltd ( MDA ) fell 8.5% as the company

increased an equity raise to fund an acquisition.

* Richelieu Hardware Ltd ( RHUHF ) shares were down 8.9%

after the company's quarterly earnings fell short of analysts'

estimates.

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