financetom
World
financetom
/
World
/
CANADA STOCKS-TSX on track for sixth straight day of gains as miners rally
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX on track for sixth straight day of gains as miners rally
Aug 14, 2026 8:26 AM

* Bird Construction ( BIRDF ) top gainer after Q2 profit beat

* Miners, energy shares climb

* Domestic wholesale trade grows by 2.8% in June from May

August 14 (Reuters) - Canada's commodity-heavy stock index

notched a fresh intraday high on Friday, lifted by miners as

gold advanced on a weaker dollar, while investors also assessed

corporate earnings and stalled talks to end the Middle East

conflict.

The S&P/TSX Composite Index rose 0.1% to 36,813.74

points by 10:12 a.m., after hitting an intraday record of

36,844.73 points earlier in the day. The benchmark was on track

for its sixth straight day of gains - its longest daily winning

streak since April.

* The materials index, which includes metal

miners, was up 1.9%, tracking gains in precious metals. Miners

Seabridge Gold ( SA ), Endeavour Silver ( EXK ) and First

Majestic Silver ( AG ) advanced more than 4% each.

* Heavyweight energy shares added 1.1% as crude

oil rose after the U.S. threatened an indefinite naval blockade

of Iran, raising concerns about disruptions to global oil

supplies.

* Bird Construction's ( BIRDF ) shares jumped 6.3% after the

company beat second-quarter profit estimates, prompting at least

three brokerages to raise their price targets on the stock.

* "Investors have been focusing on earnings growth, and

we've had pretty robust earnings growth," said Michael Dehal, a

senior portfolio manager at Dehal Investment Partners at Raymond

James.

* Technology shares, which have gained more than

11% quarter-to-date, shed 1.9%.

* Of the 10 major sectors on the TSX, only energy and

materials were in the green.

* In company news, Air Canada's ( ACDVF ) revenue for

September and October is likely to break records for the two

months, a senior executive said on Friday. Its shares were

little changed.

* Domestic wholesale trade grew by 2.8% in June from May

driven by higher sales in the machinery, equipment and supplies

sub-sector, Statistics Canada said on Friday.

* Separately, a Canadian government source directly familiar

with trade negotiations with the U.S. said on Thursday talks

were progressing well and that Washington also wanted an

agreement before a new U.S. tariff deadline on August 19.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Asian stocks firm as investors look to tariff negotiations, earnings
Asian stocks firm as investors look to tariff negotiations, earnings
Jul 21, 2025
SINGAPORE (Reuters) -Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street's closing record high ahead of a slate of corporate earnings while investors took stock of tariff negotiations between the U.S. and its trading partners. The Japanese markets returned to action after a holiday in the previous session following the weekend's election where...
Japan's Nikkei nudges higher as investors digest election results
Japan's Nikkei nudges higher as investors digest election results
Jul 21, 2025
(Updates with prices, details and adds comments) By Junko Fujita TOKYO, July 22 (Reuters) - Japan's Nikkei share average edged higher on Tuesday, as investors returning from an extended holiday weekend reacted positively to the outcome of the upper house election, which aligned with market expectations. The Nikkei was up 0.19% at 39,892.81 by the midday break, after rising as...
Asian stocks firm as investors look to tariff negotiations, earnings
Asian stocks firm as investors look to tariff negotiations, earnings
Jul 21, 2025
SINGAPORE (Reuters) -Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street's closing record high ahead of a slate of corporate earnings while investors took stock of tariff negotiations between the U.S. and its trading partners. The Japanese markets returned to action after a holiday in the previous session following the weekend's election where...
PRECIOUS-Gold steadies at over one-month high as weak dollar, bond yields lift appeal
PRECIOUS-Gold steadies at over one-month high as weak dollar, bond yields lift appeal
Jul 21, 2025
* ECB's policy decision due on Thursday * Dollar hovers near over one-month low (Adds comments and updates for Asia morning session) By Brijesh Patel July 22 (Reuters) - Gold prices climbed on Tuesday to their highest point in more than a month, supported by a weaker U.S. dollar and lower Treasury yields, as investors looked for progress in trade...
Copyright 2023-2026 - www.financetom.com All Rights Reserved