TSX Today: What to Watch for in Stocks on Friday, June 6

Silver’s continued climb may drive TSX mining stocks higher at the open, though market attention remains fixed on Canadian and U.S. employment reports.

Jitendra Parashar

Author Bio Jitendra Parashar is a financial journalist who has been writing for The Motley Fool Canada since June 2020. With more than 13 years of experience in financial journalism, equity research, and market analysis, he helps investors understand market developments and identify long-term investment opportunities. Before joining The Motley Fool Canada, Jitendra spent several years at Market Realist covering U.S. equities, major economic developments, and developments in the automotive and technology industries. He also worked in commodity and currency research at brokerage firms, gaining insight into how economic trends, central bank decisions, and geopolitical events influence financial markets. Jitendra writes for beginner investors, dividend seekers, and Canadians looking to build wealth over the long term. He also contributes to the daily TSX Today series, explaining key Canadian market developments and highlighting news investors should watch. Based in India, Jitendra follows Canadian and U.S. markets closely. Outside of work, he enjoys travelling in the Himalayas, street and nature photography, and exploring programming and artificial intelligence. Education MBA in Finance and International Business Bachelor's degree in Journalism Areas of Expertise Canadian and U.S. financial markets, long-term equity investing, dividend investing, macroeconomic and geopolitical trends, automotive stocks, emerging technologies, and artificial intelligence. Social Media Profiles LinkedIn Muck Rack Favorite Investment Quote “Simplicity is the master key to financial success.” — John C. Bogle

Published June 6, 2025 9:00 am EDT

The Canadian stock market traded mostly sideways on Thursday as investors kept an eye on global trade developments and digested the Bank of Canada’s decision to hold rates steady. The S&P/TSX Composite Index ended the largely muted session with a minor gain of 13 points at 26,342.

The modest uptick came as strength in mining and real estate shares helped offset continued weakness in other TSX sectors such as healthcare, utilities, and technology. Mining stocks tracked stronger silver and copper prices, while real estate shares advanced on hopes that stable rates and upbeat Purchasing Managers’ Index (PMI) readings would support broader economic resilience.

Top TSX Composite movers and active stocks

As silver spot prices jumped to their highest level since February 2012, First Majestic Silver, Fortuna Mining, Ivanhoe Mines, and Endeavour Silver jumped by at least 7.8% each, making them the top-performing TSX stocks for the day.

On the flip side, Descartes Systems Group (TSX: DSG) dived by over 12% to $138.95 per share, making it the session’s worst-performing TSX stock. This selloff in DSG stock came a day after the Waterloo-based software firm released earnings for the April quarter, which missed Street analysts’ expectations.

During the quarter, Descartes’s revenue rose 12% year over year to US$168.7 million. However, its operating cash flow dropped by nearly 16% from a year ago to US$53.6 million due mainly to working capital changes. The tech firm posted adjusted quarterly earnings of US$0.41 per share amid margin pressure, missing analysts’ estimates of US$0.44 per share. Year to date, DSG stock has now declined 15%.

G Mining Ventures, NovaGold Resources, and Tilray also slid by at least 3.6% each, making them among the day’s bottom performers on the Toronto Stock Exchange.

According to the exchange’s daily volume figures, the five most actively traded stocks were Canadian Natural Resources, Suncor Energy, Ivanhoe Mines, Enbridge, and Cenovus Energy.

TSX today

Silver prices continued to surge in early morning trading on Friday, extending their multi-session rally and setting the stage for further strength in TSX-listed precious metal miners at the open today.

With no major corporate events on the agenda, TSX investors will be focused on May’s jobs data from both Canada and the U.S. this morning. The dual employment reports are expected to offer fresh clues on the trajectory of interest rates and economic momentum on both sides of the border, which could inject volatility into the session.