TSX Today: What to Watch for in Stocks on Thursday, July 11

In addition to corporate earnings, TSX investors will focus on the important U.S. consumer inflation report today.

| More on:
tsx today

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Canadian stock market rose sharply on Wednesday as investors continued to closely assess the Federal Reserve chair Jerome Powell’s comments about the economy on the second day of his testimony before the U.S. Senate Banking Committee. In addition, a positive reversal in crude oil and continued strength in metals prices took the S&P/TSX Composite Index up by 308 points, or 1.4%, yesterday to 22,350.

With this, the TSX benchmark not only posted its best single-day performance in over two months but also settled at its highest level since May 27. While all key market sectors ended the session in the green, the market rally was mainly driven by solid advances in sectors like mining, energy, and financials.

Top TSX Composite movers and active stocks

Bombardier (TSX:BBD.B) jumped by 7.5% to $92.89 per share, making it one of the top-performing TSX stocks for the day. This rally in Bombardier stock came after the Dorval-headquartered business jet manufacturer announced that employees from Unifor Locals 112 and 673 at its Aircraft Assembly Centre in the Greater Toronto Area have ratified a renewed three-year collective agreement.

Created with Highcharts 11.4.3Bombardier PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

This agreement allows for the resumption of normal assembly operations of Bombardier’s Global family of aircraft, boosting investors’ confidence. This positive development came nearly two weeks after Bombardier workers rejected the company’s proposal, deeming it “insufficient.” After the recent rally, Bombardier stock is now up around 75% on a year-to-date basis.

Cameco, NexGen Energy, Denison Mines, and MAG Silver were also among the day’s top performers on the Toronto Stock Exchange, climbing up by more than 7% each.

In contrast, NFI Group, Interfor, Lightspeed Commerce, and Vermilion Energy slid by at least 2.2% each, making them the session’s worst-performing TSX stocks.

Based on their daily trade volume, TD Bank, Canadian Natural Resources, Manulife Financial, Suncor Energy, and Enbridge were the five most active stocks on the exchange.

TSX today

Gold and silver prices continued to trade on a firm note for the third consecutive session in early Thursday trading, which could lift TSX mining stocks at the open today.

Although no major domestic economic releases are due, Canadian investors will closely monitor the important monthly consumer inflation report and weekly jobless claims data from the United States this morning, which are likely to influence the direction of stocks.

On the corporate events side, several TSX-listed companies, including Cogeco Communications, Aritzia, MTY Food, and Richelieu Hardware, will announce their latest quarterly results on July 11.

Market movers on the TSX today

Should you invest $1,000 in Canadian Western Bank right now?

Before you buy stock in Canadian Western Bank, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Canadian Western Bank wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $20,697.16!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 29 percentage points since 2013*.

See the Top Stocks * Returns as of 3/20/25

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

The Motley Fool has positions in and recommends Aritzia and MTY Food Group. The Motley Fool recommends Cameco, Canadian Natural Resources, Cogeco Communications, Enbridge, Lightspeed Commerce, NFI Group, Richelieu Hardware, and Vermilion Energy. The Motley Fool has a disclosure policy. Fool contributor Jitendra Parashar has no position in any of the stocks mentioned.

Confidently Navigate Market Volatility: Claim Your Free Report!

Feeling uneasy about the ups and downs of the stock market lately? You’re not alone. At The Motley Fool Canada, we get it — and we’re here to help. We’ve crafted an essential guide designed to help you through these uncertain times: "5-Step Checklist: How to Prepare Your Portfolio for Volatility."

Don't miss out on this opportunity for peace of mind. Just click below to learn how to receive your complimentary report today!

Get Our Free Report Today

More on Stock Market

tsx today
Stock Market

TSX Today: Why Canadian Stocks Could Fall on Thursday, April 3

TSX stocks may come under pressure today as sharp commodity declines and Trump’s sweeping new tariffs spark fresh concerns over…

Read more »

stock research, analyze data
Stock Market

Why I Keep Investing in Canadian Stocks Despite Market Fluctuations 

Market fluctuations are an opportune time to buy value stocks. Some good Canadian stocks are on sale, encouraging you to…

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Friday, April 2

Trump’s trade tariffs-related remarks could reintroduce volatility to TSX today, especially if he signals a hardline stance.

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Tuesday, April 1

Any updates related to trade policy will remain on TSX investors’ radar today as we come close to the implementation…

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Monday, March 31

TSX stocks may face increased volatility this week as Trump’s reciprocal tariffs are set to kick in.

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Friday, March 28

Alongside any trade policy news, U.S. personal consumption expenditure data will stay in focus for TSX investors today.

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Thursday, March 27

TSX stocks may remain volatile today as investors digest the implications of U.S. trade policy shifts and await fresh cues…

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Wednesday, March 26

Despite lingering macro concerns and trade uncertainties, the TSX Composite has climbed 4.5% over the past 10 sessions.

Read more »