TSX Rises 33 Points After Canada Posts 0.5% April GDP Growth
Updated
Updated · BNN Bloomberg · Jun 30
TSX Rises 33 Points After Canada Posts 0.5% April GDP Growth
3 articles · Updated · BNN Bloomberg · Jun 30
Summary
Canada’s economy grew 0.5% in April—the fastest pace since July 2025—helping lift the S&P/TSX composite index 33.17 points to 34,856.99.
Basic materials and financials led Toronto higher, while investors also tracked stronger U.S. equities, with the Dow up 136.46, the S&P 500 up 58.93 and the Nasdaq up 393.57.
Nvidia rose 2.6% and Microsoft gained 1.2%, extending AI’s support for U.S. indexes even as most S&P 500 stocks fell; Oracle slipped 0.8%, underscoring a widening split between AI winners and losers.
Brent crude fell 1.3% to US$72.95 after U.S. envoys arrived in Qatar for talks tied to an initial deal to end the Iran war, easing concerns that oil-driven inflation could force higher rates.
The Canadian dollar was little changed at 70.37 US cents, and trading will pause midweek with the TSX shut for Canada Day and U.S. markets closed Friday for Independence Day.