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CANADA STOCKS-Toronto stock market ends higher as metal prices climb
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CANADA STOCKS-Toronto stock market ends higher as metal prices climb
Jul 22, 2025 2:24 PM

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TSX ends up 0.2% at 27,364.43

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Materials group adds 2.5% as gold prices increase

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Energy gains 0.7%; oil settles 1.5% lower

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Technology falls 1.8%

(Updates at market close)

By Fergal Smith

July 22 (Reuters) - Canada's main stock index rose on

Tuesday as the materials sector got a boost from higher metal

prices and investors turned attention to the release of Canadian

corporate earnings.

The Toronto Stock Exchange's S&P/TSX composite index

ended up 47.43 points, or 0.2%, at 27,364.43, stopping

just short of Thursday's record closing high.

"The market keeps climbing this wall of worry," said Greg

Taylor, chief investment officer at PenderFund Capital

Management.

"This is a big few weeks coming up for us as we hit

these tariff deadlines again and also the earnings season coming

on. I think earnings are going to be super-important and just

hearing some guidance around the tariffs is going to be a real

key."

Canada will use all the time that is available to strike a

trade deal with the United States, Prime Minister Mark Carney

told reporters. U.S. President Donald Trump has said the U.S.

would impose a 35% tariff on Canadian goods from August 1.

Railroad company Canadian National Railway Co. ( CNI ) was

due to report after the close.

The materials sector gained 2.5% as gold

and copper prices climbed.

Energy also ended higher, rising 0.7%, even as the

price of oil settled 1.5% lower at $66.21 a barrel.

Technology was a drag, falling 1.8%, with

e-commerce company Shopify Inc ( SHOP ) down 4.2%.

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