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CANADA STOCKS-TSX climbs to record high ahead of domestic jobs data
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CANADA STOCKS-TSX climbs to record high ahead of domestic jobs data
Jul 10, 2025 1:55 PM

*

TSX ends up 0.4% at 27,082.30

*

Eclipses Friday's record closing high

*

Industrials add 0.8%, led by Air Canada ( ACDVF )

*

Uranium producer Energy Fuels ( UUUU ) jumps 16.3%

(Updates to market close)

By Fergal Smith

TORONTO, July 10 (Reuters) - Canada's main stock index

notched a record high on Thursday, led by gains for industrial

shares, as investors shrugged off ongoing trade uncertainty and

awaited domestic jobs data.

The S&P/TSX composite index ended up 109.98

points, or 0.4%, at 27,082.30, eclipsing Friday's record closing

high.

A solid U.S. Treasury auction and recent postponement of a

July 9 U.S. tariff deadline to August 1 have helped reassure

investors, said Kevin Headland, co-chief investment strategist

at Manulife Investment Management. "Everything seems to be in a

positive light right now."

Canada is seeking to finalize a free trade deal with

Southeast Asian nations as part of a push to expand into new

markets, its top diplomat said, responding to the hefty tariffs

imposed on it by the United States, its largest trade partner.

Canada's employment report for June, due on Friday, could

offer clues on how the domestic economy is coping with trade

uncertainty and guide expectations for the Bank of Canada

interest rate decision on July 30. Economists expect a flat

reading for jobs and the unemployment rate to tick up to 7.1%

from 7% in May.

"As long as there aren't any surprises on the weak side,

they're (the BoC) quite happy to hold rates where they are now

in case there are any surprise shocks for inflation," Headland

said.

The industrials sector rose 0.8%, helped by a gain of 3.7%

for Air Canada ( ACDVF )

Real estate was up 0.4% and heavily weighted financials

ended 0.6% higher.

Just three of the 10 major sectors ended lower. It included

energy, which lost 0.3% as the price of oil settled 2.65%

lower at $66.57 a barrel.

Shares of uranium producer Energy Fuels ( UUUU ) jumped

16.3% to the highest level since December 2024.

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