Forex
Canadian Stocks Rise Amid Strong Earnings and Divided Policymakers
Futures tracking the S&P/TSX Composite Index rose on Thursday as investors reacted to the latest batch of corporate earnings.
Certain companies, including Vermilion Energy, Kinross Gold, Cenovus, Alamos Gold, Loblaw, and TransCanada, reported results exceeding expectations.
In contrast, Ivanhoe Mines and Tourmaline Oil fell short of analysts' estimates.
The gold price increase boosted mining stocks. Meanwhile, minutes from the Bank of Canada's July 15th policy meeting revealed a divide among policymakers regarding the sustainability of the economic recovery.