financetom
World
financetom
/
World
/
CANADA STOCKS-TSX posts third straight weekly gain as tech and resource shares rally
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX posts third straight weekly gain as tech and resource shares rally
Apr 10, 2026 1:51 PM

* TSX ends up 0.7% at 33,695.76

* For the week, the index gains 1.8%

* Materials group advances 1.8%

* Cogeco Communications ( CGEAF ) falls 7.9% after revenue miss

(Updates at market close)

By Utkarsh Hathi and Fergal Smith

April 10 (Reuters) - Canada's main stock index rose to a

five-week high on Friday as domestic data showed subdued jobs

growth and investors weighed prospects of a peace deal in the

Middle East, with resource and technology shares among the

biggest gainers.

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

ended up 218.05 points, or 0.7%, at 33,695.76, marking

its highest closing level since March 4.

For the week, the index was up 1.8%, marking its third

straight weekly gain, after a two-week ceasefire between the

United States and Iran bolstered investor sentiment globally.

U.S. Vice President JD Vance departed for "make-or-break"

negotiations with Iran, even as Tehran insisted on measures

before peace talks could take place, throwing last-minute doubt

over the meetings scheduled in Pakistan.

"If there is a more lasting agreement over the weekend, it

would yield a positive result for the equities," said Shiraz

Ahmed, founder at Sartorial Wealth.

Canada's economy added 14,100 jobs in March, roughly

matching expectations, after shedding 83,900 in the prior month,

while the unemployment rate held steady at 6.7%.

"Given continued uncertainty over U.S. trade and with energy

prices adding to company costs, hiring is likely to remain

cautious in the near term," Andrew Grantham, a senior economist

at CIBC Capital Markets, said in a note.

The materials group, which includes metal mining

shares, rose 1.8% as copper prices climbed.

Energy recouped some of its declines over the

previous two days, adding 1.5%, even as the price of oil

settled 1.3% lower at $96.57 a barrel.

Technology was up 1.1%, with shares of electronic

equipment company Celestica Inc ( CLS ) adding 7.3%.

Heavily weighted financials ended 0.6% higher.

Just two of the 10 major sectors lost ground, including

consumer staples. It was down 0.7%.

Cogeco Communications ( CGEAF ) shares fell 7.9% after the

telecommunications firm missed quarterly revenue estimates.

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 >
CANADA STOCKS-TSX opens lower as mining losses outweigh Middle East peace hopes
CANADA STOCKS-TSX opens lower as mining losses outweigh Middle East peace hopes
Apr 15, 2026
April 15 (Reuters) - Canada's main stock index opened lower on Wednesday, as losses in mining stocks weighed on the commodities-heavy market despite optimism around the possible resumption of peace talks in the Middle East. At 09:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite Index was down 0.1% at 34,084.56 points. ...
Corporate Earnings, Persian Gulf Prospects Cap European Bourses Midday
Corporate Earnings, Persian Gulf Prospects Cap European Bourses Midday
Apr 15, 2026
07:43 AM EDT, 04/15/2026 (MT Newswires) -- European bourses tracked marginally lower midday Wednesday as traders mulled the earnings season and awaited clarity on possible Tehran-Washington peace talks. Property and tech stocks led gains on continental trading floors, while bank and oil shares lagged. Upmarket retail stocks pulled back after disappointing quarterly results from luxury-good purveyors Hermes and Kering, who...
Morning Bid: Back to business
Morning Bid: Back to business
Apr 15, 2026
April 15 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Global stock markets are largely back near pre-war levels and Wall Street is once again flirting with record highs, as the mood music from the Middle East and Washington turns positive on hopes of more peace talks. Real or imagined, that...
Asian Equities Traded in the US as American Depositary Receipts Track Higher in Wednesday Trading
Asian Equities Traded in the US as American Depositary Receipts Track Higher in Wednesday Trading
Apr 15, 2026
10:44 AM EDT, 04/15/2026 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking higher Wednesday morning, rising 0.59% to 2,820.86 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by consumer lender Eason Technology ( DXF ) and education company 51Talk Online Education Group ( COE ) , which...
Copyright 2023-2026 - www.financetom.com All Rights Reserved