* Mining shares rebound as gold, silver jump
* Intact Financial ( IFCZF ) falls after forecasting catastrophe
losses
* Energy index dips 0.8%
By Sudeshna Ghoshal
July 9(Reuters) - Canada's commodity-linked main stock index
ticked higher on Thursday as higher gold prices boosted miners,
while investors were cautious over renewed tensions between the
U.S. and Iran.
The Toronto Stock Exchange's S&P/TSX Composite index
rose 0.73% to 35,193.92 points by 10:31 a.m. ET. The
benchmark logged its biggest percentage drop in over a month on
Wednesday.
* Oil prices fell slightly after surging in the previous
session as traders weighed the impact of renewed hostilities in
the Middle East.
* Canada's energy index dropped 0.8% as Brent
crude futures dipped 1% to $77.23 per barrel and West
Texas Intermediate crude eased 1.2% to $72.64 per barrel.
* Gold advanced on an easing dollar and as traders flocked
to the precious metal, which is seen as a safe-haven asset in
times of uncertainty. Spot gold was up 1.1%, while silver
surged 3.2%.
* The materials index, which includes metal
miners, rose 2.5% and was among the top sectoral gainers,
bouncing from a seven-month low.
* First Majestic Silver Corp ( AG ) added 8.7%, leading
gains in the main TSX index, while DPM Metals ( DPMLF ) and
Endeavour Silver ( EXK ) rose 7.5% and 6.4%, respectively.
* Investors are awaiting Canada's June jobs report on Friday
for insights on the health of the economy and the Bank of
Canada's monetary policy path.
* "Part of what they'll be considering for their next
meeting is whether there is going to be an adjustment to rates,"
said Matthew Kempton, portfolio manager at Verecan Capital
Management.
* Kempton said the jobs report will be closely watched in
determining the rate path, particularly if inflation pressures
show up through wage growth.
* Traders largely expect the central bank to keep interest
rates on hold for the rest of the year, LSEG-compiled data
showed. Its next policy decision is scheduled for July 15.
* In company news, Triple Flag rose 1.9% after the
precious-metals streamer reported preliminary second-quarter
revenue of $129.2 million, up from a year earlier.
* Intact Financial ( IFCZF ) dipped 1% as the insurer
forecast C$416 million ($293 million) of catastrophe losses for
the second quarter of 2026, pre-tax and net of reinsurance.