Last week was full of action when Trump rates again reached the headlines. But they were mixed with income releases from Gold Miners, so that they were traded the most popular TSX shares last week.
Important events that shocked the stock market last week
To begin with, Statistics Canada showed in July 2025 Labor Force Survey, released on 8 August, a decrease of 0.2% in employment percentage to 60.7%. This task data has increased the opportunities for an interest rate reduction of the Bank of Canada in September.
The largest climax came when the US shocked everyone by imposing a rate of 39% on the import of one kilogram and 100-esse (OZ) Gold bars from Switzerland. This shock sent Gold Futures for the delivery from December to a record high at $ 3,534.10 a ounce on the Comex, the world’s largest futures market.
The focus on gold prices
As it is, gold prices have risen in the midst of geopolitical tensions, inflation caused by rate and accelerated buying by central banks worldwide. All this pushed the global demand for gold to a historic high, which brought the global gold supply and riding prices higher.
This market dynamic benefited from Canadian gold mining companies because they realized a higher price for their output. Even miners with high production costs reached profitability, and that was visible in their latest profit of the second quarter.
The five hottest TSX shares that were traded last week
On August 8, the following five shares were the most traded on the TSX.
| Stock | Trade volume on August 8 | Average trade volume | Percentage of increase in trade volume |
| Lundin Gold | 1,915,836.0 | 967.798 | 98% |
| Pan American Silver Corp. | 1,666,149.0 | 1,152,875 | 45% |
| Betapro Natural Gas livered Daily Bull ETF | 1,612,242.0 | 906,262 | 78% |
| Aya Gold & Silver Inc. | 1,388.594.0 | 1,074,059 | 29% |
| Wheaton Precious Metals Corp. | 1,087,312.0 | 740.027 | 47% |
Among the five, three golden shares saw a considerable jump in the trade volume because they reported better than expected income.
Lundin Gold
Lundin Gold (TSX: LUG) Stock rose by 21% last week in the run -up to the win of the second quarter. Turnover increased by 50% years after year to a record of US $ 453 million and last year reported a positive free cash flow of US $ 236 million from -us $ 123 million. This remarkable turnaround when the company was sold 136,737 OZ at an average realized gold price of US $ 3,361 per oz with all-in sustainable costs (AISCs) of US $ 927 per OZ sold.
Pan American silver
Pan American silver (TSX: Paas) Shares rose by 17.9% because it reported a net profit of US $ 189.6 million in the second quarter of 2025, so that last year’s net loss of US $ 21.4 million was destroyed. Behind the turnaround was a higher realized gold price of US $ 3,305 per ounce, which more than compensated for the higher AISC of $ 1,611 per ounce.
Wheaton Precious Metals (TSX: WPM) Shares rose by 9.05% because it reported a jump of 68% in the turnover of the second quarter and a jump of 139% in net profit. The strong income was powered by an increase of 32% in the average Gold equivalent price up to US $ 3,318 per ounce.
The other shares
Aya Gold & Silver (TSX: AYA) Stock saw a leap of 6% last week before he ended the week with a profit of 2.74%. A news item that has pumped trade volumes was the recovery of US $ 8 million from his engineering, purchasing and building contracts for the ZGounder expansion project.
Betapro Natural Gas livered Daily Bull ETF (TSX: HNU) Price fell by 6.5%last week, because the prices for Naturga fell despite a smaller than expected American inventory construction. The listed fund provides investors to the daily price fluctuations of natural gas, so that traders can benefit from trends in the short term. It saw a peak in trade volumes as the prices fell.
In the coming week, more trading shares could see as more companies release their income. Among them are names such as Barrick Gold.
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