FX.co ★ TSX Rises on Tuesday

Canada’s S&P/TSX Composite Index rose by approximately 0.3%, exceeding the 27,800 threshold on Tuesday. This uptick was attributed to the easing of international policy risks and a more favorable U.S. inflation environment that benefited rate-sensitive sectors. The investment community reacted positively to the 90-day delay by Washington and Beijing on escalating tariffs, which mitigated immediate threats to international trade. In the materials sector, Barrick Mining experienced a robust gain of over 2.5%. Technology companies sensitive to interest rates, such as Constellation Software and Celestica, each posted gains of more than 1%. The financial sector also contributed positively, with Brookfield seeing an increase of over 1%. Economically, Canadian building permits witnessed a significant decline of 9.0% month-on-month, totaling $12.0 billion in June. This was a sharper drop than the anticipated 3.4% decline, reversing a revised 12.8% jump in May, representing the most substantial decrease since June 2024.