financetom
World
financetom
/
World
/
CANADA STOCKS-TSX flat as tech gains counter losses in miners; Middle East in focus  
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX flat as tech gains counter losses in miners; Middle East in focus  
May 4, 2026 8:36 AM

* TSX up 0.03%

* Miners fall as gold prices slip

* Tech up after BlackBerry soars to one-year-high

* Fairfax Financial ( FRFHF ) climbs on Q1 revenue beat

(Updates prices and details throughout)

By Tharuniyaa Lakshmi

May 4 (Reuters) - Canada's main stock index was nearly

flat on Monday, with gains in technology shares making up for

losses in miners while renewed tensions between the U.S. and

Iran lifted oil prices and pressured global equities.

At 10:53 a.m. ET, the Toronto Stock Exchange's S&P/TSX

composite index was up 0.03% at 33,900.92 points.

The technology index rose 1.6%, with BlackBerry

soaring 8% to a more-than-one-year-high.

Heavy-weight mining stocks slipped 0.3% after

gold prices fell as rising geopolitical tensions boosted the

dollar and stoked concerns about inflation that kept

expectations of higher interest rates alive.

Eldorado Gold ( EGO ), Aya Gold and Silver ( AYA ) and

Lundin Mining ( LUNMF ) were each down between 1.6% and 2.8%.

The U.S. military said two U.S. Navy guided-missile

destroyers had entered the Gulf to break an Iranian blockade and

that two U.S. ships had transited the Strait of Hormuz, after

Iran said it had prevented a U.S. warship entering the Gulf.

"There's growing concern that top-line inflation will

continue to inch higher and that interest rates may move from a

pause to rising later in the year, which is unsettling for

rate-sensitive investors," said Shiraz Ahmed, founder at

Sartorial Wealth.

The energy index also inched higher as oil prices

rose.

The benchmark index was trading about 2% below its March 2

peak, showing how the U.S.-Iran conflict has weighed on

sentiment in Canada's energy-heavy market despite some support

from firm oil prices.

On the earnings front, Fairfax financial holdings

rose 4.3% after the insurance group's first-quarter revenue grew

12.8% to $7.06 billion from a year ago and beat analyst

expectations of $7 billion.

(Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by

Shailesh Kuber and Joyjeet Das)

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 >
TRADING DAY-Fed bets slip, Powell takes the stage
TRADING DAY-Fed bets slip, Powell takes the stage
Aug 21, 2025
ORLANDO, Florida, Aug 21 (Reuters) - TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist U.S. stocks fell on Thursday and the dollar and Treasury yields rose, as solid factory data cast a bit more doubt on the Fed's readiness to lower interest rates next month. All eyes are now firmly on Fed Chair...
PRECIOUS-Gold edges down on stronger dollar, Powell's remarks in focus
PRECIOUS-Gold edges down on stronger dollar, Powell's remarks in focus
Aug 21, 2025
* Fed Chair Powell to deliver Jackson Hole address at 1400 GMT * US weekly jobless claims jump to near 3-month high last week * Markets put chance of Fed rate cut next month at 75% (Updates for Asia midday session) By Anmol Choubey Aug 22 (Reuters) - Gold prices edged lower on Friday on a stronger dollar while investors...
Trading Day: Fed bets slip, Powell takes the stage
Trading Day: Fed bets slip, Powell takes the stage
Aug 21, 2025
ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  U.S. stocks fell on Thursday and the dollar and Treasury yields rose, as solid factory data cast a bit more doubt on the Fed's readiness to lower interest rates next month. All eyes are now firmly on Fed Chair Jerome Powell's Jackson...
PRECIOUS-Gold holds steady as traders await Powell's Jackson Hole speech
PRECIOUS-Gold holds steady as traders await Powell's Jackson Hole speech
Aug 21, 2025
Aug 22 (Reuters) - Gold prices held steady on Friday as investors refrained from taking any big bets ahead of U.S. Federal Reserve Chair Jerome Powell's speech at the annual Jackson Hole symposium that could offer fresh clues on the monetary policy path. FUNDAMENTALS * Spot gold was steady at $3,337.12 per ounce, as of 0042 GMT. U.S. gold futures...
Copyright 2023-2026 - www.financetom.com All Rights Reserved