TSX Enjoys Only Slight Gains at Open

Canada's main stock index opened muted on Thursday as gains in technology shares were offset by losses in real estate and utilities, while investors awaited U.S. employment data on Friday to gauge the Federal Reserve's rate cut trajectory.

The TSX Composite Index gained 54.99 points to open Thursday at 22,278.66.

The Canadian dollar took on 0.10 cents to 73.45 cents U.S.

In corporate news, Orla Mining filed a request for arbitration against the Government of Panama under the Canada-Panama Free Trade Agreement (FTA), seeking damages of no less than $400 million.

Shares in Orla fell four cents to $5.25.

Oil prices dished off 20 cents to $83.68 U.S. a barrel.

Gold prices regained $23.10 to $2,356.80

ON BAYSTREET

Read:

• Tech Companies Leading the Charge in the Transformative AI Era

• Exposing 'AI Washing': Real Tech Developers Making Authentic AI Contributions

• Cancer Rates Surge: Key Biotech Stocks Leading the Charge in Oncology Drug Development

• Agritech Industry Makes Strides in Ensuring Sustainable and Secure Food Supply

• Tech Giants Drive AI Advancements as US Considers New Investment Rules for China

The TSX Venture Exchange backpedaled 0.52 points to start Thursday at 575.75.

All 12 TSX subgroups were in the green, as communications took on 0.6%, while consumer discretionary and utility stocks each fell 0.5%.

ON WALLSTREET

American markets were shuttered for the Fourth of July holiday.