TSX Ends Higher For 3rd Straight Day

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(RTTNews) - The Canadian market ended on a strong note on Thursday, rising for a third straight session, thanks to sustained buying at several counters from across various sectors.

Concerns about interest rates have eased after data on Wednesday showed U.S. inflation softened in the month of June. Today, the Labor Department's report showed producer prices in the U.S. inched up by slightly less than expected in the month of June, with the index rising by 0.1%. Economists expected producer prices to rise by 0.3%.

Hopes of additional stimulus in China to boost growth in the world's second largest economy contributed as well to the positive mood in the market.

The benchmark S&P/TSX Composite Index ended with a gain of 206.87 points or 1.03% at 20,277.64.

Technology stocks posted impressive gains. The Information Technology Capped Index climbed 3.07%. Hut 8 Mining Corp (HUT.TO) soared 18% and Bitfarms Ltd (BITF.TO) rallied nearly 12%.

Shopify Inc (SHOP.TO) and Docebo Inc (DCBO.TO) gained 6.2% and 3.2%, respectively. Lightspeed Commerce (LSPD.TO), Constellation Software (CSU.TO), Converge Technology Solutions (CTS.TO), Celestica Inc (CLS.TO), Softchoice Corp (SFTC.TO) and Open Text Corp (OTEX.TO) advanced 2 to 3%. CGI Inc (GIB.A.TO) also ended notably higher.

Among financials shares, Nuvei Corp (NVEI.TO) climbed 5.3%. Canadian Imperial Bank of Commerce (CM.TO), Toronto-Dominion Bank (TD.TO), Bank of Nova Scotia (BNS.TO), Manulife Financial (MFC.TO), Goeasy (GSY.TO) and Royal Bank of Canada (RY.TO) gained 1 to 2%.

Utilities shares Algonquin Power and Utilities (AQN.TO), Innergex Renewable Energy (INE.TO), Altagas (ALA.TO), Hydro One (H.TO), Transalta Corp (TA.TO) and Emera Inc (EMA.TO) gained 1 to 3%.

Corus Entertainment Inc. (CJR.B.TO) shares soared nearly 20% after the company said its subsidiary, Nelvana Limited, has entered into a definitive agreement under which Integrated Media Company, a TPG platform, will acquire Nelvana's subsidiary, Toon Boom Animation Inc. for approximately C$147.5 million in cash.

Canadian Tire Corporation (CTC.TO) climbed nearly 8%. Precision Drilling Corporation (PD.TO) and Nutrien (NTR.TO) also ended sharply higher.

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.

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European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.

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Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

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U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

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Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

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Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

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U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

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U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

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