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CANADA STOCKS-TSX hits record high on boost from technology, mining shares
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CANADA STOCKS-TSX hits record high on boost from technology, mining shares
Jul 14, 2025 8:18 AM

(Updates with morning prices)

By Twesha Dikshit and Sukriti Gupta

July 14 (Reuters) -

Canada's main stock index rose on Monday, lifted by

technology and mining shares, while investors assessed the

latest U.S. tariff threats.

The benchmark S&P/TSX composite index rose

0.4% to 27,124.57 points to hit a fresh intraday record high.

White House economic adviser Kevin Hassett

said

on Monday that trade talks are still underway with the EU,

Canada and Mexico.

"So far the tariffs have not had a big negative impact

on the economy. So, the fear hasn't crept in the way it did some

months ago," said Colin Cieszynski, portfolio manager and chief

market strategist at Sia Wealth Management.

U.S. President Donald Trump had on Saturday

announced

a 30% tariff on most imports from the European Union and

Mexico starting August 1, despite ongoing trade negotiations.

"Commodity prices have been helping the Canadian

resource sector and the Canadian market," Cieszynski said.

On TSX, technology shares rose about 1%, led

by a 5.1% rise in bitcoin miner Bitfarms ( BITF ) as the

cryptocurrency hit a

record high

on Monday.

Industrial stocks rose 0.6%, led by Thomson

Reuters ( TMSOF ) shares that hit a record high and were last up

7.4%, at the top of the index.

Mining shares rose 0.8%, tracking gold and

silver prices.

Miners Aya Gold & Silver ( AYASF ) was up 2.8%, SSR

Mining ( SSRGF ) added 2.5%, and Orla Mining ( ORLA ) advanced

3.1%.

Conversely, energy shares fell about 1%.

On Monday, domestic trade data

showed

that wholesale trade grew by 0.1% in May from April on

higher sales in the personal and household goods subsector.

Almonty Industries ( ALM ) is set for

Nasdaq debut

on Monday following a $90 million U.S. IPO. Shares of the

tungsten concentrate producer, however, fell 13.2%.

Investors will monitor Tuesday's domestic and U.S.

inflation data to gauge the impact of the U.S.-led trade war.

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