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CANADA STOCKS-TSX hits another record high as energy shares jump
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CANADA STOCKS-TSX hits another record high as energy shares jump
Aug 10, 2026 2:08 PM

(Updates at market close)

By Sudeshna Ghoshal and Fergal Smith

Aug 10 (Reuters) - Canada's main stock index rose to another

record high on Monday as energy stocks jumped, but the move was

limited as Barrick Mining ( B ) missed quarterly profit

estimates and ahead of key U.S. inflation data this week.

The S&P/TSX Composite Index ended up 77.10 points,

or 0.2%, at 36,458.33, eclipsing Friday's record closing high.

* "A lot of what is going to determine the direction for

stocks this week is going to be the U.S. inflation data," said

Angelo Kourkafas, senior global investment strategist at Edward

Jones Investments.

* U.S. Consumer Price Index data for July is due on

Wednesday which could offer clues on the Federal Reserve's

monetary policy path.

* Energy gained 3.7% as the price of oil

settled 5.05% higher at $82.13 a barrel after Iran and the

United States traded demands for compensation, dimming prospects

for a deal to reopen the Strait of Hormuz.

* Technology was another standout, adding 1.1%.

* Barrick Mining ( B ) reported second-quarter profit

below estimates as higher costs at its gold operations offset

rising bullion prices, and struck a $1.95 billion deal with

Newmont to settle disputes over Nevada Gold Mines.

* Shares of Barrick were down 6.4%, while the materials

group, which includes metal mining shares, ended

nearly unchanged.

* The price of gold rose 1.1% as bullish momentum and

fear of missing out propelled prices forward.

* Industrials lost 0.9%, while the utilities

sector, which includes many high-dividend paying

stocks, ended 1.6% lower as bond yields climbed.

* The Canadian 10-year yield rose 7.5 basis

points to 3.718%, its highest level since May 19.

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