TSX Rises on Mining and Tech Gains

TSX Rises on Mining and Tech Gains

The S&P/TSX Composite Index rose 0.4% to close at 34,980 on Friday, supported by gains in the mining and technology sectors.

Mining shares rose on higher gold prices, helped by a weaker dollar and easing expectations of further US interest rate hikes following the latest PCE data.

Also, Canada and Japan advanced cooperation on mining projects, including potential joint stockpiling.

Barrick gained 1.6%, while Franco-Nevada rose 2.3%.

In tech, Shopify rose 4.6%, backed by its Spring ’26 product rollout, while Constellation Software added 1.9%.

Celestica, however, fell 6.6%, tracking weakness on Wall Street.

Banking stocks traded lower amid geopolitical tensions after President Trump accused Iran of violating the ceasefire by targeting cargo ships transiting the Strait of Hormuz.

Earlier, Iran reaffirmed its right to control shipping through the waterway and warned Gulf states against siding with the US, a day after an attack on a vessel near Oman.

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