FX.co ★ TSX Stocks Hold Near Record

The S&P/TSX Composite Index in Canada hovered near unchanged levels on Monday, staying close to the record high logged in the previous session. This came as markets continued to evaluate the potential impact of uncertain global trade flows on economic growth. The Toronto Exchange found some support from the trade agreement reached over the weekend between the US and the EU. This deal helped avert the implementation of harsher tariffs that the US had threatened against its trading partners, thereby bolstering North American markets. The improved risk sentiment gave a boost to tech giants, with Shopify shares rising by over 2.5%. Conversely, major financial institutions underperformed, with shares of RBC, TD Bank, and BAM all in negative territory. Additionally, Agnico Eagle Mines saw its shares decline by 2% as the prices of precious and base metals eased ahead of its earnings announcement later this week. Among other significant Canadian stocks, Enbridge's shares remained steady while investors awaited its upcoming earnings report.