financetom
World
financetom
/
World
/
CANADA STOCKS-TSX gains on tech boost as investors assess corporate earning; eyes on trade deals
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX gains on tech boost as investors assess corporate earning; eyes on trade deals
Jul 29, 2025 8:08 AM

(Updates with market moves, adds analyst comments in paragraph

9)

By Sanchayaita Roy

July 29 (Reuters) - Canada's main stock index edged

higher on Tuesday, led by technology shares, as investors

assessed corporate earnings and focused on trade deals with the

U.S. ahead of the August 1 tariff deadline.

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

was up 0.4% at 27,511.52 points.

Canadian information and technology stocks led the

broad-based gains, up 2.9%, after Celestica ( CLS ) reported

second-quarter revenue above estimates and raised its 2025

outlook. The electronics firm jumped 19.1%.

Industrial subindex rose 1% with TFI

International ( TFII ) up 3.1%, after the transportation and

logistics service provider reported quarterly profit above

estimates.

On trade, U.S. Commerce chief Howard Lutnick said on

Tuesday, President Donald Trump will make his trade deal

decisions this week, even as separate negotiations with China

and the European Union continue.

The EU and U.S. are still in talks about aluminum tariffs

and digital services regulations, while investors are concerned

about Europe's 15% export levy, a sharp increase from 1% to 2%

rates that existed before Trump took office.

Trump also flagged a "world tariff" rate of 15% to 20% on

Monday, for countries that were not negotiating a deal, among

the highest rates since the Great Depression of the 1930s.

Back home, Prime Minister Mark Carney said on Monday,

Canada-U.S. trade talks were in an intense phase and reiterated

an agreement without any tariffs was unlikely.

"The difference between Canada and other countries is that

we have a trade agreement already in place,... so not as urgent

a concern as other countries", said Colin Cieszynski, chief

market strategist at SIA Wealth Management, adding that in the

near term, markets are more focused on corporate earnings

reports in Canada.

Among other individual stocks, Air Canada ( ACDVF ) slipped 9%

after it reported a drop in second-quarter profit on Monday.

George Weston rose 1.2% after the Canadian retailer

reported second-quarter revenue above estimates and announced a

stock split.

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 >
MORNING BID AMERICAS-Dollar surges after central bank barrage, Apple bruised
MORNING BID AMERICAS-Dollar surges after central bank barrage, Apple bruised
Mar 22, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. dollar seems to have emerged a clear winner from the week's magical mystery tour of world central banks - with record high Wall St and world stocks getting a shot across the bow from Apple's ( AAPL ) antitrust bust. A whistle stop look...
European shares set for weekly gains; UK's Phoenix soars
European shares set for weekly gains; UK's Phoenix soars
Mar 22, 2024
* German business sentiment rises in March - Ifo * UK's Phoenix tops STOXX on upbeat outlook & results * Legal & General ( LGGNF ) up on shelving China business licence plan * STOXX 600 up 0.1% (Updated at 0918 GMT) By Shubham Batra March 22 (Reuters) - European shares were largely flat on Friday but maintained record highs...
China yuan slides to four-month low, state banks step in
China yuan slides to four-month low, state banks step in
Mar 22, 2024
(Updates to market close) SHANGHAI, March 22 (Reuters) - China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency. In the spot market, the onshore yuan fell to the weak side of the psychologically important 7.2 per dollar level to hit a low...
DIARY-Europe's STOXX 600 corporate earnings week ahead
DIARY-Europe's STOXX 600 corporate earnings week ahead
Mar 22, 2024
March 22 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Company Event Name Start Date Start Time RIC Name (GMT) 25-Mar-2024 13:00 IMI.L IMI PLC IMI PLC Retail Investor Webinar 25-Mar-2024 07:00 KGF.L Kingfisher PLC Full Year 2024 Kingfisher PLC Earnings Release 26-Mar-2024 NTS HRA.MI Hera SpA Q4 2023 Hera...
Copyright 2023-2025 - www.financetom.com All Rights Reserved