Bank stocks help lift S&P/TSX composite higher, U.S. stock markets edge lower

Canada’s main stock index was up nearly 300 points in late-morning trading, helped by strength in the financial sector after better-than-expected results from the country’s big banks and gains in technology stocks (June 15, 2025)

TORONTO — Better-than-expected results from Canada’s big banks helped propel the country’s main stock index to a more than 300-point gain Thursday, while U.S. markets were mixed.

The S&P/TSX composite index was up 317.03 points at 31,477.57.

In New York, the Dow Jones industrial average was down 31.96 points at 47,850.94. The S&P 500 index rose 7.4 points at 6,857.12, while the Nasdaq composite was up 51.04 points at 23,505.14.

The Canadian dollar closed at 71.67 cents US compared with 71.69 cents US on Wednesday.

The January crude oil contract edged up 72 cents US at US$59.67 per barrel.

The February gold contract was up US$10.50 at US$4,243.00 an ounce.

This report by The Canadian Press was first published Dec. 4, 2025.