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CANADA STOCKS-TSX inches up as mining, financial gains outweigh technology losses
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CANADA STOCKS-TSX inches up as mining, financial gains outweigh technology losses
Jul 30, 2026 8:26 AM

July 30(Reuters) - Canada's main stock index edged higher in

choppy trading on Thursday, as gains in mining and heavyweight

financial stocks were countered by losses in technology and

industrials shares.

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

edged 0.1% higher to 35,374.4 points by 10:43 a.m. ET.

* Information technology stocks dipped 2.2%,

pressured by a 14.5% fall in shares of Lightspeed Commerce ( LSPD )

after the payments software firm missed first quarter

profit estimates.

* Industrials lost 2.1%, with shares of

software-related firm Thomson Reuters ( TMSOF ) down 7.1% after

surging more than 23% in the last four sessions.

* Financials gained 1%, with lenders TD Bank

, Royal Bank of Canada ( RY ) and National Bank of

Canada ( NTIOF ) climbing more than 1% each.

* Materials gained 1.6%, with miners leading

gains as gold prices rose against a softer dollar.

* Risk sentiment also improved after data showed U.S.

inflation slowed in June, a day after the U.S. Federal Reserve

held its main lending rate steady.

* "Despite moderating inflation, strong domestic activity

across consumption and business investment will keep the Fed

diligent about the risks overheating could have on the inflation

trajectory. We continue to expect the Fed to be patient as it

awaits more inflation data," said Ellen Zentner, chief economic

strategist for Morgan Stanley Wealth Management.

* The Bank of Canada also left interest rates unchanged at

its July 15 meeting, and predicted the economy would grow by

2.5% on an annual basis in the second quarter after grinding to

a halt in the first quarter.

* Meanwhile, shares of Bausch Health ( BHC ) jumped more

than 28%, leading gains on the main index, after the drugmaker

beat second-quarter earnings estimates and raised 2026 outlook.

* Jet maker Bombardier reported

better-than-expected second-quarter profit and posted a positive

free cash flow for the second quarter. Its shares however, were

last down 2.9%.

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