FX.co ★ TSX Rebounds in Afternoon Trading

The S&P/TSX Composite Index managed to recover from its earlier downturn, advancing by 0.2% to surpass the 24,800 threshold on Monday afternoon. This uptick was driven by strengths in the consumer staples and commodity sectors, which served to counterbalance the lag in technology equities. Investor sentiment appeared to lean towards more defensive sectors amid ongoing uncertainties surrounding U.S. tariff policies. Notable performers included North West Company and Restaurant Brands International, both of which saw their stock values rise by over 4%. Energy and mining sectors also experienced gains due to increased oil and gold prices, with Canadian Natural, Suncor, Imperial Oil, and Cenovus seeing hikes between 1.2% and 1.7%. Meanwhile, companies like Agnico Eagle, Wheaton Precious Metals, Barrick Gold, and Franco-Nevada recorded increases ranging from 0.8% to 1.6%. In addition, CGI advanced by 1.3% following the announcement of its acquisition of Apside, thereby bolstering its presence in the digital and engineering services arena. This strategic move distinguished CGI from the broader tech sector downturn, where Celestica dropped sharply, decreasing by more than 6%.