More Highs for TSX
The TSX gained 97.15 points to finish Thursday at 36,759.29, still another all-time peak.
The Canadian dollar sank 0.005 cents at 71.78 cents U.S.
Stantec late on Wednesday beat second-quarter adjusted profit estimates driven by acquisition growth, while CCL Industries topped second-quarter sales estimates.
Stantec shares shed 83 cents to $102.82, while CCL shares grabbed $4.40, or 4.8%, to $95.98.
Pan American Silver missed quarterly adjusted profit estimates on lower gold output. PanAm dumped $7.15, or 9.8%, to $65.95.
In gold issues, I-80 Gold sank 11 cents, or 4.6%, to $2.31, while Aya Gold & Silver let go of $1.65, or 4.2%, to $37.44.
Extendicare gained 19 cents to $32.27, Bausch Health picked up 21 cents, or 2.4%, to $8.83, and Sienna Senior Living pointed downward four cents to $21.94.
On the earnings front, investment firm Brookfield posted a rise in second-quarter distributable earnings per share, though its shares were little changed. Brookfield regained 44 cents, to $62.82.
TELUS Corp. tallied 21 cents, or 1.6%, to $13.46, while Rogers was in the green 79 cents, or 1.6%, to $50.67.
Iran and the United States reportedly remained at loggerheads amid efforts to negotiate a permanent end to the Middle East conflict.
ON BAYSTREET
The TSX Venture Exchange slumped 9.44 points, or 1%, to 966.43.
Eight of the 12 TSX subgroups were positive, with information technology up 3.1%, while telecoms collected 0.9%, and real-estate climbed 0.7%.
The four laggards were weighed most by gold, down 2.5%, materials, falling 2.2%, and health-care stocks off 0.3%.
ON WALLSTREET
The S&P 500 rose to a fresh all-time high on Thursday as oil prices declined and traders digested more inflation data.
The Dow Jones Industrials 69.73 points to greet the closing bell Thursday at 53,839.99.
The much-broader index advanced 50.49 points to 7,798.99.
The NASDAQ Composite leaped 214.54 points to 26,803.03, boosted by gains in Meta Platforms, Microsoft and Netflix.
Cisco Systems was a key laggard of the day, falling more than 8% after the company’s latest quarterly results failed to impress investors.
Cerebras and Coherent also moved lower after their earnings updates, with the former plummeting almost 12% and the latter dropping roughly 8%.
CPI for July increased by 0.1% month over month, matching expectations. The tame report gave the S&P 500 a boost, with the benchmark closing higher for the first time in three sessions. The report led to traders paring expectations for a rate hike in September.
Prices for the 10-year Treasury popped, making yields plunge to 4.64% from Wednesday’s 4.69%. Treasury prices and yields move in opposite directions.
Oil prices dropped $2.03 to $81.54 U.S. a barrel.
Gold prices dwindled $60.50 to $4,407.00 U.S. an ounce.