FX.co ★ TSX Edges Lower on Tuesday

Canada's S&P/TSX Composite Index slipped about 0.2% to 33,714 on Tuesday, as a sell-off in gold miners outweighed optimism from the start of the banking sector’s earnings season. Despite the broader market pullback, Bank of Nova Scotia gained 0.5% after reporting Q1 net income of $2.30 billion, a sharp rebound from the prior year’s $993 million, which had been depressed by losses tied to international divestments. Scotiabank’s stronger results helped cushion the index as major gold producers such as Agnico Eagle and Barrick Gold dropped roughly 2%, tracking a decline in bullion prices. Energy stocks were mixed, though Whitecap Resources lent support to the group after topping quarterly expectations in results released Monday after the close. Overall sentiment stayed cautious as traders weighed the impact of a new 15% US global tariff and ongoing geopolitical tensions, even as crude oil prices hovered near seven-month highs. Investors now turn their attention to upcoming earnings from BMO and RBC for further insight into the resilience of Canada’s financial sector.