Canada Stocks: Toronto stocks edge higher on mining strength; earnings in focus

Celestica

06/08/2026 15:51

By Sudeshna Ghoshal
August 6 (Reuters) - Canada's main stock index edged higher on Thursday as miners gained on higher gold prices, while investors weighed the prospects of a U.S.-Iran peace deal alongside a slew of corporate earnings.
The Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 0.2% by 10:15 a.m., extending its gains after a record high in the previous session.
Miners gained 0.5% as gold prices climbed, with Trekor Metals TKO.TO, Hudbay Minerals HBM.TO and Equinox Gold EQX.TO leading gains on the benchmark index.
Heavyweight financial shares were also up 0.5%.
Technology shares .SPTTTK dipped 2.6%, however, pressured by an 11% fall in Celestica CLS.TO after the data center infrastructure provider unveiled a $3 billion stock offering. 
Energy shares .SPTTEN were up 0.3%, with Canadian Natural Resources CNQ.TO rising 1.2% after beating second-quarter profit estimates on higher oil and natural gas production.
Engineering and nuclear firm AtkinsRéalis ATRL.TO rose 4.6% after recording an increase in quarterly revenue. 
Oil prices gained as investors remained cautious about the Iran-Oman talks, with Brent crude futures LCOc1 up 1.6% and U.S. West Texas Intermediate futures CLc1 higher by 1%. O/R
Restaurant Brands International QSR.TO also beat overall same-store sales growth expectations for the second quarter, helped by resilient demand at its Burger King chain in the U.S. Its shares were down 1%.
Shopify SHOP.TO, which led the benchmark to a record high on Wednesday, gained 1.4% after at least six brokerages hiked price targets following the e-commerce firm's upbeat quarterly revenue forecast.
"Earnings are very important, but the macro landscape is also pushing things along while adding to the uncertainty... we're seeing a lot of different activity coming from overseas," said Corbin Footitt, portfolio manager at Verecan Capital Management Inc.

(Reporting by Sudeshna Ghoshal in Bengaluru; Editing by Jonathan Ananda)
((Sudeshna.Ghoshal@thomsonreuters.com;))