FX.co ★ TSX Steady Near Record Highs

On Monday, the S&P/TSX Composite Index in Canada remained relatively stable, closing at 27,775. This steadiness follows closely on the heels of record highs reached last week, as investors deliberate over the prospects for North American businesses amid persistent uncertainties in US trade policy, ahead of significant earnings announcements. In particular, the banking sector showed strength, highlighted by RBC’s 0.7% gain. Enbridge also experienced a 1.3% rise, fueled by ongoing tariff exceptions for oil exchanges between the US and Canada. Conversely, activity in the mining sector was mixed; while Barrick Gold saw a 2.5% decline, Franco-Nevada rose by 2.4% after revealing their earnings before the market opened. The technology sector encountered challenges, with Shopify's 1.4% drop impacting the wider market index.