FX.co ★ TSX Hits All-Time High

The S&P/TSX Composite Index advanced by 0.7%, reaching a new record high of 27,199 on Monday. This gain was primarily driven by robust performances in the technology and industrial sectors, effectively countering concerns over renewed U.S. tariff discussions. Thomson Reuters led the charge with a remarkable 7.7% increase, following the announcement of subscription growth that exceeded expectations. Shopify also made significant strides, climbing 4.3% thanks to favorable merchant metrics. In the broader economic landscape, Statistics Canada released data indicating a 0.1% rise in wholesale trade for May, chiefly driven by personal and household goods, highlighting strong domestic demand. Additionally, firm commodity prices provided further support to the market's positive trajectory. However, the overall rally was somewhat restrained by President Trump's weekend threat to impose a 30% tariff on imports from the EU and Mexico, alongside existing Canadian tariffs. This development reignited fears of a deceleration in global trade, leading investors to cautiously shift away from sectors vulnerable to export fluctuations.