FX.co ★ TSX Benefits From Easing US-China Tensions

On Monday, the S&P/TSX Composite Index experienced an approximate 1% increase, surpassing the 30,350 threshold. This upward movement was driven by strong performances from commodity producers, technology, and financial sectors, following President Trump's initiative to ease trade tensions with China ahead of upcoming negotiations in Malaysia. Concurrently, optimism regarding a potential resolution to the prolonged US government shutdown, as indicated by White House economic adviser Kevin Hassett, further bolstered investor confidence. Technology giant Shopify spearheaded the tech sector's advance with a gain exceeding 3%. Meanwhile, the mining sector saw growth as gold prices edged closer to record highs, with companies like Agnico Eagle, Wheaton Precious, Barrick, and Franco-Nevada posting increases between 1.1% and 2%. The financial and energy sectors also contributed to this broadly positive market trend, maintaining solid gains throughout the session.