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TSX Struggles for Direction

The S&P/TSX Composite swung flat around the 30,350 mark on Monday as gains in tech and financials were offset by weakness among major miners while investors digested fresh trade developments between the United States and China and lingering friction with Canada. Top Chinese and US economic officials sketched a trade framework on Sunday for Presidents Trump and Xi to decide later this week in South Korea, which helped lift risk appetite. Celestica surged about 4% ahead of its earnings after the close, while Shopify and Constellation Software each added roughly 0.5% and Brookfield rose about 1.5%. Energy names traded firmer, but Agnico Eagle, Wheaton Precious Metals, Barrick and Franco-Nevada capped the index’s advance after falling between 2% and 3.2% as safe-haven demand waned. The backdrop remains complicated by President Trump’s Thursday decision to end trade talks with Ottawa over a tariff-related ad and his subsequent threat to raise Canadian tariffs by another 10%.

Today Markets

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