Stock Markets July 9, 2026 04:30 PM

Toronto stocks close higher as materials and financials lead gains; S&P/TSX up 0.76%

Metal miners and clean-technology names spearhead advance while select hardware and aerospace names weigh on the market

By Hana Yamamoto
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AG MDA

Canada's equity market finished higher on Thursday, driven by strength in the Materials, Clean Technology and Financials sectors. The S&P/TSX Composite closed up 0.76% as a larger number of advancing issues outpaced decliners. Precious metals futures rose while oil prices slipped; the S&P/TSX 60 VIX eased and the U.S. Dollar Index was marginally lower.

Toronto stocks close higher as materials and financials lead gains; S&P/TSX up 0.76%
AG MDA
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Key Points

  • S&P/TSX Composite closed up 0.76% as Materials, Clean Technology and Financials led gains.
  • Top individual performers included First Majestic Silver (AG), DPM Metals (DPM), and G Mining Ventures (GMIN).
  • Richelieu Hardware (RCH), MDA (MDA), and Spartan Delta (SDE) were among the largest decliners; advancing issues outnumbered decliners 612 to 344 with 75 unchanged.

Toronto equities ended the trading session higher on Thursday, with gains concentrated in Materials, Clean Technology and Financials that pushed the benchmark index into positive territory.

The S&P/TSX Composite closed the day up 0.76%.

Among individual movers, First Majestic Silver Corp. (TSX: AG) posted the largest intraday gain on the index, rising 8.85% - an increase of 1.98 points - to finish at 24.35. DPM Metals Inc (TSX: DPM) added 8.50%, or 3.92 points, to close at 50.04. G Mining Ventures Corp (TSX: GMIN) also recorded a strong session, advancing 8.08% or 3.20 points to end at 42.78.

At the other end of the board, Richelieu Hardware Ltd. (TSX: RCH) led declines, falling 8.91% - a drop of 3.46 points - to close at 35.36. MDA Ltd (TSX: MDA) declined 8.54%, or 4.69 points, to end the day at 50.21. Spartan Delta Corp (TSX: SDE) slipped 4.38%, losing 0.52 points to trade at 11.36 by the close.

Advancers outnumbered decliners on the Toronto Stock Exchange, with 612 issues rising versus 344 falling; 75 stocks finished unchanged.

Volatility on the large-cap Canadian index eased, with the S&P/TSX 60 VIX down 1.94% to 14.69. The U.S. Dollar Index Futures was marginally lower, down 0.04% at 100.71.

In commodities, Gold Futures for August delivery climbed 1.18%, a gain of 48.30, settling at $4,130.70 a troy ounce. Energy markets moved lower: Crude oil for August delivery fell 2.31% or 1.70 to $71.82 a barrel, while the September Brent contract dropped 2.51% or 1.96 to trade at $76.06 a barrel.

Foreign exchange rates were largely unchanged in reported pairs: CAD/USD showed a minimal change of 0.02% to 0.71, and CAD/EUR recorded an unchanged 0.08% to 0.62.


Market context and takeaway

The session reflected a breadth of sector performance where metals and clean-technology related names helped lift the benchmark, even as notable declines in select hardware and aerospace-related stocks exerted downward pressure on specific components of the index. Trading volume and the balance of advancing versus declining issues indicate a broadly constructive tone across the exchange on the day reported.

Risks

  • Notable single-stock declines in hardware and aerospace names could weigh on specific sectors despite overall market gains - impacts most relevant to industrials and aerospace-related equities.
  • Falling crude oil and Brent prices may create headwinds for energy-sector returns even as other sectors rally - this is a risk for energy-related companies and commodity-linked revenues.
  • Volatility metrics declined (S&P/TSX 60 VIX down 1.94%), but rapid intraday moves in individual names indicate potential idiosyncratic risk for investors in high-moving mining and materials stocks.

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