04:09 PM EDT, 10/07/2025 (MT Newswires) -- After six consecutive days of record closes, the Toronto Stock Exchange fell Tuesday on some profit taking and on investor nerves around Canada's chances of bringing a trade war with the United States to an end, and at what cost if it does.

The S&P/TSX Composite Index closed down 180.16 points, or 0.6%, to 30,351.72 with sectors mixed, and none of them falling or rising by as much as 1%.

On the trade front, Prime Minister Mark Carney on Tuesday told U.S. President Donald Trump that Canada is the U.S.'s largest foreign investor, investing half of a $1 trillion over the last five years, and "probably $1 trillion in the next five years, if we get the agreement that we expect to get", according to a transcript read on Canada's CBC TV related to commentary from the Canadian Prime Minister during his trade talks at the White House.

Carney's comments created a stir as to what exactly is meant. Pierre Poilievre, the leader of the opposition Conservatives, latched on to this confusion during Question Time in parliament back in Ottawa.

According to one reporter on CBC TV, Carney appeared to be talking about private sector rather than government investment in the U.S., but Poilievre sees it as meaning companies and private sector entities will actually move to the United States.

Canada-U.S. Trade Minister Dominic LeBlanc was slated to brief the media at 4:00 p.m. ET, and market watchers will be looking for him to clear up matters as to what exactly Carney and Trump spoke about and what, if any, agreements have been struck.

All of this comes as Canada's deficit in goods trade ballooned to $6.3 billion in August, from a revised $3.8 billion in the prior month and not far from the widest point recorded in April.

Of commodities, gold had continued its record run higher lateafternoon on Tuesday as the precious metal rose above US$4,000 mark for the first time on strong demand. Gold for December delivery was last seen up $27.30 to US$4,003.60 per ounce.

Also, West Texas Intermediate oil closed with a small gain, the third-straight day of gains as traders assess the risks of supply disruptions amid an over-supplied market. WTI crude oil for November delivery closed up $0.04 to settle at $61.73 per barrel, while December Brent crude was last seen down $0.06 to $65.41.