Canada Stocks-TSX inches up as mining, financial gains outweigh technology losses

Meanwhile, shares of Bausch Health BHC.TO jumped more than 28%, leading gains on the main index, after the drugmaker beat second-quarter earnings estimates and raised 2026 outlook.

Jet maker Bombardier BBDb.TO reported better-than-expected second-quarter profit and posted a positive free cash flow for the second quarter. Its shares however, were last down 2.9%.

Canada's main stock index edged higher in choppy trading on Thursday, as gains in mining and heavyweight financial stocks were countered by losses in technology and industrials shares.

The Toronto Stock Exchange's S&P/TSX Composite index .GSPTS edged 0.1% higher to 35,374.4 points by 10:43 a.m. ET.

Risk sentiment also improved after data showed U.S. inflation slowed in June, a day after the U.S. Federal Reserve held its main lending rate steady.

"Despite moderating inflation, strong domestic activity across consumption and business investment will keep the Fed diligent about the risks overheating could have on the inflation trajectory. We continue to expect the Fed to be patient as it awaits more inflation data," said Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management.

The Bank of Canada also left interest rates unchanged at its July 15 meeting, and predicted the economy would grow by 2.5% on an annual basis in the second quarter after grinding to a halt in the first quarter.

• Information technology stocks .SPTTTK dipped 2.2%, pressured by a 14.5% fall in shares of Lightspeed Commerce LSPD.TO after the payments software firm missed first quarter profit estimates.