Stock Markets April 7, 2026 04:30 PM

Toronto market edges higher as energy, materials and REITs lift TSX

S&P/TSX Composite closes up 0.17% amid mixed breadth; gold gains while crude retreats

By Ajmal Hussain ARIS

Canadian equities closed modestly higher, led by advances in Energy, Materials and REITs. The S&P/TSX Composite rose 0.17% at the Toronto close. Key miners and oil-related names posted notable gains while several consumer-oriented and financial stocks weighed on the market. Volatility ticked up and commodities showed divergent moves, with gold stronger and crude oil lower.

Toronto market edges higher as energy, materials and REITs lift TSX
ARIS

Key Points

  • S&P/TSX Composite closed up 0.17%, led by Energy, Materials and REITs.
  • Top gainers included Wesdome Gold Mines (WDO) and International Petroleum (IPCO), both reaching all-time highs; goeasy (GSY) fell to five-year lows.
  • Commodities diverged - June gold rose while crude oil futures declined; S&P/TSX 60 VIX rose to 20.90.

Canadian equities finished the trading day with modest gains, as strength in Energy, Materials and REITs propelled the broader market. At the close in Toronto the S&P/TSX Composite advanced 0.17%.

Bulks of the upward push came from individual gains among natural resources and real-estate-related names. The session's top performers on the S&P/TSX Composite included Wesdome Gold Mines Ltd. (TSX:WDO), which climbed 6.75% or 1.81 points to finish at 28.62. International Petroleum Corp (TSX:IPCO) added 4.25% or 1.56 points to end at 38.27, while Aris Mining Corp TO (TSX:ARIS) rose 4.06% or 1.09 points to close at 27.96.

On the downside, Curaleaf Holdings Inc (TSX:CURA) led losses after falling 7.67% or 0.26 points to 3.13 at the close. goeasy Ltd (TSX:GSY) retreated 6.61% or 2.32 points to finish at 32.79 and Brookfield Business Corp (TSX:BBUC) slipped 4.08% or 1.95 points to 45.82.

Decliners outpaced advancers on the Toronto Stock Exchange, with 550 stocks down and 396 advancing; 77 issues finished unchanged.

Two stocks reached record highs during the session: shares of Wesdome Gold Mines Ltd. rose to all-time highs after the 6.75% gain to 28.62, and International Petroleum Corp also climbed to all-time highs, gaining 4.25% to 38.27. In contrast, goeasy Ltd fell to five-year lows following its 6.61% decline to 32.79.

Market volatility as measured by the S&P/TSX 60 VIX increased 2.25% to 20.90.

Commodities moved unevenly. Gold futures for June delivery gained 1.14% or 53.56 to $4,738.26 a troy ounce. Crude oil prices were weaker, with May delivery down 1.28% or 1.44 to $110.97 a barrel, and the June Brent contract sliding 3.78% or 4.15 to trade at $105.62 a barrel.

In foreign exchange, the Canadian dollar showed small changes versus major currencies: CAD/USD was unchanged 0.12% at 0.72, while CAD/EUR was unchanged 0.36% at 0.62. The US Dollar Index Futures declined 0.37% to 99.44.

The market closed with a narrow advance in the headline index amid a greater number of individual declines, mixed commodity signals and a modest uptick in implied volatility.

Risks

  • Rising implied volatility as reflected by the S&P/TSX 60 VIX - could weigh on investor sentiment in equities and REITs.
  • Falling crude oil prices - may pressure energy-sector revenues and related stocks.
  • Significant declines in select names such as Curaleaf and goeasy - highlight company-specific downside that can impact sector performance, notably consumer finance and cannabis.

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