FX.co ★ TSX Eases From Record High

On Friday, the S&P/TSX Composite Index saw a modest decline of about 0.2%, settling below the 25,870 level. This dip marks a slight pullback from recent record highs, bringing the week's accumulated gains to roughly 2%. The downturn was primarily driven by a slump in major mining stocks, which overshadowed the broader positive sentiment spurred by reducing global trade tensions and a softer US inflation outlook. Key gold miners, such as Agnico Eagle, Wheaton Precious Metals, Barrick Gold, and Franco-Nevada, experienced losses ranging from 1.6% to 1.9%, aligned with a drop in gold prices. However, e-commerce leader Shopify bucked the trend, enjoying a rise of over 1.5%, and gains in energy producers also provided some lift. On the economic side, Statistics Canada highlighted that Canadian investors purchased C$15.6 billion in foreign securities in March. Meanwhile, foreign investors continued to decrease their holdings in Canadian assets, shedding C$4.2 billion during the same timeframe.