• TSX ends up 0.3% at 26,972.32
• Materials sector rises 0.8% as gold moves higher
• Eight of 10 major sectors notch gains
• Copper producers decline after tariff threat

July 9 (Reuters) - Canada's main stock index rose on Wednesday, with the materials group leading a broad-based advance as gains for U.S. technology shares fed recent investor exuberence.

The S&P/TSX composite index .GSPTSE , opens new tab ended up 68.75 points, or 0.3%, at 26,972.32, moving closer to Friday's record closing high.

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"It's still a momentum driven market," said Michael Dehal, a senior portfolio manager at Dehal Investment Partners at Raymond James. "Strength in the (U.S.) tech sector is spilling over to most other sectors, including the TSX."

Wall Street climbed after artificial intelligence-linked chipmaker Nvidia (NVDA.O) , opens new tab briefly reached a $4 trillion valuation.

The materials sector, which includes fertilizer companies and metal mining shares, rose 0.8% as the price of gold clawed back some of the previous day's decline.

Gains for the sector were kept in check by declines for copper producers, including a 9.4% drop for the shares of Ero Copper Corp (ERO.TO) , opens new tab. On Tuesday, U.S. President Donald Trump said he would impose a 50% tariff

Real estate (.GSPTTRE) , opens new tab added 0.5%, with H&R Real Estate Investment Trust (HR_u.TO) , opens new tab shares up 4.2% after the Globe and Mail reported that asset manager Blackstone and U.S. equity funds were in talks to buy the company's assets.

Canadian lender EQB (EQB.TO) , opens new tab said former finance head Chadwick Westlake will return as its CEO, just months after he left to join software firm OpenText OTEX.TO , opens new tab.

OpenText shares ended down 4.3%. Still, technology added 0.4% as did industrials.

Just two of the 10 major sectors ended lower, including energy. Energy was down 0.1%, while the price of oil settled 0.1% higher at $68.38 a barrel.

https://www.reuters.com/sustainability/sustainable-finance-reporting/tsx-futures-tick-higher-investors-await-tariff-updates-2025-07-09/