Toronto stocks finished higher for a third straight session on Thursday and finished at a 10-day high. Telecom and mining stocks led the rally, which followed the lead of U.S. and European stocks.
The S&P/TSX Composite Index rose 109.5 points or 0.98% to settle at 11,180.70. The market gained for a third straight session to move off of a two-month low.
Telecom stocks gained 1.6% to lead the way. Telus (T.TO) added 2.9% and BCE (BCE.TO) rose 2.75%.
Mining stocks added 1.3%. Teck Resources (TCK.B.TO) rallied 4.8% and HudBay (IBM.TO) and Inmet (IMN.TO) each rose 1.1%.
In corporate news, Dorel Industries (DII.B.TO) soared 10.4% after the company reported third quarter net income of US$30.2 million or US$0.91 per share compared to US$27.2 million or US$0.82 per share in the year-ago quarter.
Fortis (FTS.TO) gained 1.6% after the company posted third quarter net earnings of C$36 million or C$0.21 per share, compared to C$49 million or C$0.31 per share in the same quarter last year. Sun Life Financial (SLF.TO) fell 6.5% after the company reported a third-quarter net loss of C$140 million, compared to a net loss of C$396 million in the third quarter of 2008.
Manulife Financial (MFC.TO) lost 3.5% after the company reported third quarter net loss of C$172 million, compared to net income of C$510 million last year.
Aurizon Mines Ltd. (ARZ.TO) gained 1.4% after the company said its third-quarter net income rose to C$8.2 million from C$7.1 million in the prior year period.
Canadian Natural Resources (CNQ.TO) fell 1.3% after the company reported third-quarter net earnings were C$658 million or C$1.21 per share, much lower than prior year's C$2.84 billion or C$5.25 per share.
Agrium (AGU.TO) rose 4% after the company announced that it is increasing its exchange offer to acquire CF Industries Holdings (CF) to $92.99 per CF share.
Roctest Ltd (RTT.TO) saored 25.2% after the company posted third quarter net earnings of C$0.40 million or C$0.07 per share, compared to C$0.15 million or C$0.03 per share in the last year quarter.
In economic news, Statistics Canada reported building permits increased 1.6% to $5.1 billion in September, beating expectations for an 1.3% rise but slower than the 7.38% jump seen in August.
On Friday, Canadian employment data is due at 7 a.m. ET. An increase of 10,000 jobs is expected, compared to an increase of 30,600 a month earlier. The unemployment rate is expected to remain at 8.4%.
Across the border, the Labor Department is expected to report a decline in non-farm payrolls of 175,000 is expected, compared to a drop of 263,000 a month earlier. The unemployment rate is expected to edge up to 9.9%, compared to 9.8% a month earlier.
Ainsworth Lumber Company (ANS.TO), Ember Resources (EBR.TO), Labopharm (DDS.TO), SNC-Lavalin Group (SNC.TO) and Suncor Energy (SUN.TO) are expected to report quarterly earnings tomorrow.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.