Equities in Canada’s largest market made up for previous days’ losses, as health-care and tech stocks powered the indexes up.
The TSX gained 150.96 points to close Thursday at 20,172.34.
The Canadian dollar acquired 0.27 cents to 77.36 cents U.S.
Health-care stocks were the stalwarts as Tilray gained 43 cents, or 8.8%, to $5.31, while Aurora Cannabis picked up 17 cents, or 8.4%, to $2.19.
In tech issues, Lightspeed Commerce jumped 89 cents, or 3.5%, to $26.59, while Magnet Forensics hiked 81 cents, or 3.2%, to $25.70.
In materials, Ivanhoe Mines grabbed 32 cents, or 3.6%, to $9.26, while Labrador Iron Ore Royalties moved ahead 92 cents, or 3.1%, to $30.87.
Gold settled, though, as OceanaGold faded three cents or 1.4%, to $2.10, Torex Gold Resources lost five cents to $10.62.
Among utility stocks, Brookfield Renewable Partners withered 45 cents to $49.96, while Hydro One lost 15 cents to $35.74.
On the economic scale, Statistics Canada reported Payroll Employment, Earnings and Hours, which the number of employees drawing pay or benefits from their employers, rose by 114,600, or 0.7%, in June.
ON BAYSTREET
The TSX Venture Exchange tacked on 1.65 points to finish at 661.26.
All but two of the 12 TSX subgroups were higher, with health-care surging 5.4%, information technology popping 1.3%, and materials better by 1.1%.
The two laggards were utilities and gold, down 0.1% each
ON WALLSTREET
The Dow Jones Industrial Average jumped Thursday, extending a two-day rally ahead of Federal Reserve Chair Jerome Powell’s Jackson Hole speech.
The 30-stock index rocketed 322.55 points, or 1%, to end the day at 33,291.78.
The S&P 500 jumped 58.35 points, or 1.4%, to 4,199.12.
The NASDAQ Composite triumphed 207.74 points, or 1.7%, to 12,639.27.
Still, the major averages are on pace for a losing week. The Dow is down 1.2% through Thursday, the S&P 500 is 0.7% lower, and the NASDAQ Composite is down 0.5%.
Snowflake jumped 23.1% after posting a beat on revenue. Shares of Peloton dropped 18.3% after the equipment maker reported an earnings miss.
Traders will be listening for more information out of the Jackson Hole economic symposium, with Federal Reserve Chair Jerome Powell scheduled to speak Friday. Investors are looking for clues on whether policymakers will cut rates when the current hiking cycle is over.
Jobless claims drifted lower in the week ending Aug. 20, according to the U.S. Labor Department. A revision for second-quarter gross domestic product showed a smaller decline compared to an earlier reading.
Investors are also waiting for the report of personal consumption expenditures on Friday. The PCE is one of the Fed’s favorite inflation measures and could influence its actions going forward.
Treasury prices leaped back to life, lowering yields to 3.03% from Tuesday’s 3.11%. Treasury prices and yields move in opposite direction.
Oil prices swooned $1.94 to $92.95 U.S. a barrel.
Gold prices picked up $9.50 to $1,771 U.S. an ounce.
Dow Extends Rally Ahead of Jackson Hole Speech