FX.co ★ TSX Treads Water Amid Trade War and Election Uncertainty

The S&P/TSX Composite Index lingered just below 25,060 on Thursday, influenced by Wall Street trends and heightened concerns over the U.S. Federal Reserve's tepid growth forecasts amidst intensifying global trade tensions. Political instability added to investors' wariness, fueled by speculation that newly-appointed Prime Minister Mark Carney might announce a snap election on April 28, raising fears of policy volatility. Concurrently, a mixture of economic data—highlighted by slight upticks in the prices of raw materials and industrial products—provided little boost to the overall sentiment, prompting investors to proceed with caution. Consequently, most stocks traded either flat or in negative territory across key sectors, including financials, commodities, and information technology.