financetom
World
financetom
/
World
/
CANADA STOCKS-TSX ends lower as metal mining shares slide
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX ends lower as metal mining shares slide
Feb 11, 2025 1:56 PM

*

TSX ends down 0.1% at 25,631.83

*

Materials group loses 1.8%

*

Gold and copper prices fall

*

Energy adds 1.3%; oil settles up 1.4%

(Updates at market close)

By Ragini Mathur and Fergal Smith

Feb 11 (Reuters) - Canada's main stock index edged lower

on Tuesday as lower metal prices weighed on the materials sector

and new U.S. trade tariffs risked escalating a global trade war.

The S&P/TSX composite index ended down 27.03

points, or 0.1%, at 25,631.83, giving back some of the previous

day's gains.

U.S. President Donald Trump raised tariffs on steel and

aluminum imports on Monday to a flat 25% without exceptions,

while also promising to announce global reciprocal tariffs this

week.

"Canada exports a lot of steel, aluminum to the United

States, so this is sort of another reescalation of the trade and

tariff wars that flared up a week or 10 days ago," said Brian

Madden, chief investment officer at First Avenue Investment

Counsel.

The materials group, which includes fertilizer companies and

metal mining shares, declined 1.8% as copper prices fell

and gold pulled back from a record high.

Real estate was down 1% as bond yields climbed. U.S. Federal

Reserve Chair Jerome Powell said the central bank is not in a

rush to cut interest rates.

Shopify Inc ( SHOP ) ended 2.9% higher. The e-commerce

company posted its best quarterly revenue growth in three years

as healthy consumer spending and the firm's efforts to load its

platform with AI features for sellers helped drive strong

holiday sales.

Energy also notched gains, ending up 1.3%. The price of oil

settled 1.4% higher at $73.32 a barrel as sanctions

raised concerns about Russian and Iranian oil supplies.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CANADA FX DEBT-Canadian dollar posts 11-day high as investor sentiment improves
CANADA FX DEBT-Canadian dollar posts 11-day high as investor sentiment improves
Mar 17, 2025
* Canadian dollar gains 0.6% against the greenback * Touches an 11-day high at 1.4276 * Home sales tumble 9.8% in February * Bond yields ease across the curve By Fergal Smith TORONTO, March 17 (Reuters) - The Canadian dollar strengthened to an 11-day high against its U.S. counterpart on Monday as equity markets rallied and investors cheered China's plan...
Trading Day: Global rebound enters day two, Wall St lags
Trading Day: Global rebound enters day two, Wall St lags
Mar 17, 2025
ORLANDO, Florida (Reuters) - TRADING DAY Making sense of the forces driving global markets Global equity markets on Monday kept up the positive momentum initiated by Friday's rebound, as investors parked their concerns over escalating global trade tensions and hoovered up cheap and beaten down stocks. Many short-term positioning and momentum indicators suggest Wall Street was oversold, so in that...
CANADA STOCKS-TSX extends recovery as resource shares lead broad-based gains
CANADA STOCKS-TSX extends recovery as resource shares lead broad-based gains
Mar 17, 2025
(Updates at market close) By Fergal Smith March 17 (Reuters) - Canada's main stock index rallied for a second straight day on Monday as some investors took the view that the recent selloff in the market was a buying opportunity, with energy and metal mining shares leading broad-based gains. The Toronto Stock Exchange's S&P/TSX composite index ended up 231.71 points,...
TRADING DAY-Global rebound enters day two, Wall St lags
TRADING DAY-Global rebound enters day two, Wall St lags
Mar 17, 2025
ORLANDO, Florida, March 17 (Reuters) - TRADING DAY Making sense of the forces driving global markets Global equity markets on Monday kept up the positive momentum initiated by Friday's rebound, as investors parked their concerns over escalating global trade tensions and hoovered up cheap and beaten down stocks. Many short-term positioning and momentum indicators suggest Wall Street was oversold, so...
Copyright 2023-2026 - www.financetom.com All Rights Reserved