Toronto Stock Exchange futures edged higher on Thursday, July 2, 2026, as a rebound in gold prices and slowing US job growth lifted investor sentiment following the Canada Day holiday.
The US economy added only 57,000 jobs in June, far below the consensus estimate of 115,000, according to the non-farm payrolls report released Thursday.
The weaker data tempered expectations for Federal Reserve interest rate hikes this year, sparking a rally in global markets.
Despite the positive tone, Asian technology equities faced a sell-off.
Fabien Yip, a market analyst at IG, attributed the decline to profit-taking and additional headwinds for regional hardware manufacturers.
He noted that Apple's reported outreach to restricted Chinese memory makers for China-market devices introduced pricing threats to Korean and Japanese incumbents.
Commodities and Corporate News
Global oil prices fell for a third consecutive day after Qatar announced progress in diplomatic talks between the US and Iran regarding the Strait of Hormuz.
West Texas Intermediate crude dropped 2.62% to US$68.45 a barrel.
Spot gold advanced 0.96% to US$4,069.70 an ounce, providing support for resource-heavy TSX.
UBS analyst Giovanni Staunovo said recovering oil flows through the Strait continue to weigh on prices as previously stranded tankers exit the Gulf, adding supply.
In corporate developments, Agnico Eagle Mines reported a rock mass movement at its Canadian Malartic complex in Quebec on Canada Day, leading to a temporary operational suspension at the Barnat open pit.
