Canada's benchmark equity index finished the session higher, supported by sector-level strength in Materials, REITs and Financials.
At the close in Toronto, the S&P/TSX Composite gained 0.77%.
The session's top performers on the S&P/TSX Composite included Montage Gold Corp (TSX:MAU), which climbed 11.80% or 1.68 points to finish at 15.92. Taseko Mines Ltd (TSX:TKO) advanced 9.98% or 0.95 points to end the day at 10.47, and Skeena Resources Ltd (TSX:SKE) rose 7.93% or 2.88 points to close at 39.20.
On the downside, MDA Ltd (TSX:MDA) was the heaviest decliner, falling 8.57% or 4.89 points to 52.16 at the close. Curaleaf Holdings Inc (TSX:CURA) retreated 4.95% or 0.72 points to finish at 13.84, and Constellation Software Inc. (TSX:CSU) dropped 4.38% or 134.09 points to end at 2,924.00.
Advancers outnumbered decliners on the Toronto Stock Exchange, with 623 stocks rising compared with 319 that fell, while 88 issues finished unchanged.
Market-implied volatility eased: the S&P/TSX 60 VIX, which gauges the implied volatility of S&P/TSX Composite options, fell 8.40% to 14.18.
Commodities showed mixed performance. Gold futures for August delivery climbed 2.94% or 121.07 to settle at 4,235.07 per troy ounce. In energy markets, crude oil for July delivery declined 3.93% or 3.45 to trade at 84.26 a barrel, while the August Brent contract slipped 3.99% or 3.61 to 86.77 a barrel.
In currency markets, CAD/USD was essentially flat, changing by 0.14% to 0.72, while CAD/EUR moved 0.06% to 0.62. The US Dollar Index Futures edged down 0.05% to 99.80.
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Market context
The trading day was characterized by sector-led advances that pushed the market higher overall, while individual large-cap names produced some notable losses. Volatility measures declined and commodities moved in opposite directions, with gold notably higher and crude oil lower.