FX.co ★ TSX Trades Muted for 2nd Session

Canada's S&P/TSX Composite Index edged lower on Tuesday, lagging US equities as heavyweight commodity producers traded narrowly while markets weighed the prospects of a potential agreement between Iran and the United States. US officials signaled guarded optimism that negotiations would continue this week, despite President Trump’s call against extending the current ceasefire. Gold miners slipped as bullion prices retreated, pressured by signs the Federal Reserve may have greater scope to keep interest rates unchanged following robust US labor data from ADP and stronger retail sales figures. Meanwhile, bank and energy shares were mixed. Shopify gained 1%, benefiting from positive momentum among North American companies with significant US exposure.