FX.co ★ TSX Rebounds on Thursday

The S&P/TSX Composite Index experienced a modest increase of 0.2% on Thursday, climbing to just over 26,370, nearing its all-time high. This uptick was largely propelled by a surge in major mining stocks, set against the backdrop of ongoing trade disruptions. With the imposition of U.S. tariffs on steel and aluminum, Canada's rigorous negotiations for exemptions have instilled confidence among investors. This has alleviated concerns that key export sectors, particularly those related to metals, might suffer immediate negative impacts, thereby limiting potential declines for resource-focused equities. Meanwhile, China's rejection of a dispute panel for its tariffs signals continued geopolitical tensions, although it simultaneously presents potential advantages for domestic producers as global trade redirects towards Canadian suppliers. Notably, stocks such as Agnico Eagle, Wheaton Precious, Barrick Gold, and Franco-Nevada led the charge, each posting gains between 1.3% and 1.7%.