FX.co ★ TSX Hovers Flat Amid Mixed Ernings

The S&P/TSX Composite Index remained just above the flatline at 25,150 on Thursday, buoyed by strong performances in energy stocks due to rising oil prices and positive corporate earnings reports. Leading the sector, Cenovus saw a significant surge of over 7% following first-quarter results that exceeded expectations, while Canadian Natural advanced more than 4% as its strong production led to earnings surpassing analyst estimates. Additionally, Suncor and Imperial Oil recorded gains of over 1% and 2%, respectively. In contrast, e-commerce giant Shopify experienced a decline of over 3%, as concerns over weak gross merchandise volume and slowing subscription growth overshadowed its revenue beat, casting doubts on merchant activity and future profitability. Meanwhile, the announcement from US President Donald Trump regarding an impending US-UK trade agreement—the first since the escalation of tariff tensions—has provided optimism for improved trade relations and enhanced global risk appetite.