TSX Climbs on Materials and Energy as Gold Prices Rise

The Toronto Stock Exchange (TSX) experienced a rebound on July 30, 2026, climbing 172.06 points to 35,505.84 as US interest rates remained steady.

This gain of roughly 0.5% was largely driven by the performance of basic materials and energy sectors, which have proven closely tied to commodity prices and interest rate expectations throughout 2026.

Brianne Gardner, senior wealth manager at Velocity Investment Partners at Raymond James, attributed the strength in Canada's main stock index to firmer precious metals prices and robust corporate earnings.