Small Gains Foreseen for TSX in Sparse Trade

Futures for Canada’s main stock index rose in thin trading volumes on Thursday as gold and copper prices increased, while investors awaited U.S. jobs data later in the week to gauge the timing of the first rate cut by the Federal Reserve.

The TSX Composite Index popped 269.82 points, or 1.2%, to close Wednesday at 22,223.67.

The Canadian dollar gained 0.08 cents to 73.43 cents U.S.

September futures were up 0.3% Thursday.

In corporate news, Orla Mining filed a request for arbitration against the Government of Panama under the Canada-Panama Free Trade Agreement (FTA), seeking damages of no less than $400 million.

In Japan, the Nikkei 225 increased 0.8% Thursday, while the Hang Seng in Hong Kong took on 0.3%.

Oil prices grabbed nine cents to $82.90 U.S. a barrel.

Gold prices regained $23.10 to $2,356.80


The TSX Venture Exchange restored 9.51 points, or 1.7%, to close Wednesday at 576.27.

American markets were shuttered for the Fourth of July holiday.

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