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Markets Today: TSX Holds Near Records as Wall Street Rallies and the Loonie Stays Under Pressure

  Friday, July 10, 2026 Global markets head into the weekend on a firmer footing. Wall Street closed out Thursday's session with broad gains led by chipmakers, Asian markets extended their advance on Friday morning, and oil steadied after a choppy week driven by renewed U.S.-Iran tensions. Here in Canada, all eyes are on this morning's June jobs report — the Bank of Canada's last major economic read before next Wednesday's interest rate decision. 🇨🇦 Canadian Markets The S&P/TSX Composite closed Thursday at 35,200.45, up roughly 0.76% on the day, with mining and financial stocks doing the heavy lifting. Gold-linked miners such as Barrick, Agnico Eagle, and Franco-Nevada firmed as gold prices climbed on a softer U.S. dollar, while Canada's big banks — RBC and TD among them — also added to the gains. The index remains within a few hundred points of its all-time closing high of 35,389.58, set on June 16, even after easing back slightly from last week's push to...
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Market Rebound Expected as Amazon’s Earnings Boost Investor Sentiment

 

The stock market is showing signs of recovery today, with futures on the Nasdaq 100 and S&P 500 rising by 0.5% and 0.4%, respectively. This positive movement comes after a challenging period marked by significant losses following earnings reports from major tech companies like Meta and Microsoft.

Amazon’s strong earnings report has been a key driver of this rebound. The company’s shares surged over 6% in premarket trading after CEO Andy Jassy highlighted impressive growth in their cloud unit’s AI business. Intel also contributed to the positive sentiment with an earnings beat and optimistic outlook, further boosting investor confidence.

However, the market’s trajectory could be influenced by the upcoming jobs report, which is expected to show a slowdown in nonfarm payroll growth. This report is crucial as it will provide insights into the labor market and potentially impact Federal Reserve policy decisions.

In addition to the tech sector’s performance, other factors such as rising oil prices and geopolitical tensions in the Middle East are also playing a role in shaping market dynamics.

Investors will be closely watching the jobs report and other economic indicators to gauge the market’s direction in the coming days.



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