FX.co ★ TSX Edges Higher on Friday

The S&P/TSX Composite Index edged up by approximately 0.1%, surpassing the 27,390 level on Friday. This modest increase mirrored the restrained gains seen in global markets as investors remained cautious with President Trump's August 1st tariff deadline approaching. Leading the upward movement were Shopify and Celestica, both rising over 1%. In contrast, a reduction in trade war fears resulted in lower gold prices, negatively impacting mining company valuations, with base metal companies like Ivanhoe, Teck Resources, and First Quantum Minerals declining by more than 1%. Looking forward, market participants are turning their focus to upcoming policy announcements from the Bank of Canada and the US Federal Reserve. Over the course of the week, the TSX aimed to achieve a slight overall increase of around 0.3%.