FX.co ★ TSX Finishes Flat

The S&P/TSX Composite Index concluded the session essentially unchanged at 33,096 on Tuesday. The gains within the energy and technology sectors were unable to fully counterbalance the downturn in mining stocks. Investors were particularly cautious, bracing themselves for upcoming interest rate announcements from both the Bank of Canada and the US Federal Reserve. The technology sector experienced contrasting fortunes; with notable declines in Constellation Software, down by 5.6%, and Thomson Reuters, down by 4.5%, the sector was partly buoyed by a significant 7.1% rise in Celestica, driven by robust demand for electronics manufacturing services. The energy sector provided some stabilization amid rising oil prices, propelling Cenovus by 1.8% and generating respective gains of 0.8% and 0.6% for Canadian Natural Resources and Suncor. The financial sector showed mixed results, as CIBC increased by 1.11% while RBC and National Bank experienced slight setbacks. Although the index managed to recover from further intraday declines, it closed with a slight decrease as market participants remained cautious, anticipating central bank policy direction.