FX.co ★ TSX Struggles for Direction

On Thursday, the S&P/TSX Composite Index lingered just below the flatline, around the 24,830 level. This was primarily due to declines in major mining stocks, though tech and energy shares posted gains that largely offset those losses. Among the gold-linked companies, Agnico Eagle, Wheaton Precious Metals, Barrick Gold, and Franco-Nevada experienced significant declines, falling between 2.4% and 3.2%. On the upside, Celestica led the gainers with an increase exceeding 6%, followed by Shopify, which saw an approximate 3% rise. In the energy sector, Cenovus and Canadian Natural performed well, with advances of over 3% and 2%, respectively, as investors anticipated their quarterly earnings reports to be released after the market closed.