financetom
World
financetom
/
World
/
CANADA STOCKS-TSX retreats from record peak as investors look for progress in trade negotiations
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX retreats from record peak as investors look for progress in trade negotiations
Jun 3, 2025 7:56 AM

(Updates with morning prices)

By Sanchayaita Roy

June 3 (Reuters) - Canada's main stock index slipped on

Tuesday, led by losses in metal miners' shares, as investors

awaited clarity on U.S. tariff negotiations amid ongoing

economic uncertainty.

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

was down 0.2% at 26,338.04 points. The index notched a

record high in the previous session.

On Monday, the White House said that U.S. President Donald

Trump and Chinese leader Xi Jinping will probably speak this

week to iron out trade issues.

Investors will closely monitor the call between the two

leaders, as ongoing tariff-induced trade tensions between the

world's two largest economies have caused significant volatility

in global equities and businesses.

"The temporary easing of tariffs between the U.S. and China

has offered some relief, but Canadian investors remain

cautious...watching for signs of meaningful progress before

repositioning portfolios", said Shiraz Ahmed, senior portfolio

manager and founder of Sartorial Wealth, Raymond James.

Additionally, the Trump administration wants countries to

provide their best offer on trade negotiations by Wednesday.

However, concerns prevailed over the implementation of

Trump's tariffs after they ran into legal hurdles last week,

with the administration asking an appeals court to pause a

second court ruling.

The Paris-based Organisation for Economic Cooperation and

Development (OECD) trimmed its global growth outlook and said

the trade war was taking a bigger toll on the U.S. economy than

before.

"Slower U.S. growth poses spillover risks for Canada, making

it even more important for investors here to stay globally

diversified", Shiraz added.

Focus will be on the Bank of Canada's interest rate due on

Wednesday.

On TSX, the materials group fell 1.2%, as gold

pulled back after nearing a four-week high earlier in the

session, while the healthcare sector fell 0.9%.

Conversely, energy subindex rose 0.5% as oil

prices edged up.

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 >
Update: Aurora, Canopy Among Cannabis Stocks Rising After Germany Passes Partial Legalization Law
Update: Aurora, Canopy Among Cannabis Stocks Rising After Germany Passes Partial Legalization Law
Mar 22, 2024
11:56 AM EDT, 03/22/2024 (MT Newswires) -- (Updates with the law's details in the second paragraph and the companies' latest stock moves in the third paragraph.) Aurora Cannabis ( ACB ) , Canopy Growth ( CGC ) and other cannabis stocks rose in recent Friday trading after Germany approved the partial legalization of cannabis for personal use, effective April 1....
CANADA STOCKS-Toronto stocks slip but set for weekly gains on soft landing optimism
CANADA STOCKS-Toronto stocks slip but set for weekly gains on soft landing optimism
Mar 22, 2024
* Canada retail sales fell 0.3% in Jan * Alimentation Couche-Tard ( ANCTF ) down on PT cuts * TSX down 0.2% (Updated at 10 a.m. ET/1400 GMT) By Shubham Batra March 22 (Reuters) - Canada's main stock index fell on Friday after reaching record highs in the previous session, but remained on track for strong weekly gains fueled by...
GLOBAL MARKETS-Global stocks take breather under all-time highs
GLOBAL MARKETS-Global stocks take breather under all-time highs
Mar 22, 2024
(Updates as of 1051 EDT) By Elizabeth Howcroft and Alden Bentley NEW YORK/LONDON, March 22 (Reuters) - Profit taking weighed on global stocks on Friday after a week of record setting advances fueled by a series of dovish central bank moves, while the dollar struggled to extend a gain as U.S. yields ticked lower. While the S&P 500 and Nasdaq...
EMERGING MARKETS-Most Latam FX weaken on dollar strength, Russia keeps rates steady
EMERGING MARKETS-Most Latam FX weaken on dollar strength, Russia keeps rates steady
Mar 22, 2024
* Mexico's consumer prices rise 0.27% in early March * Argentina dollar bonds hit record highs as Milei rally powers on * FX subdued, eyes weakest weekly showing in four By Ankika Biswas March 22 (Reuters) - Most Latin American currencies dropped against a firm dollar on Friday, with investors awaiting Colombia's rate decision at the end of a week...
Copyright 2023-2025 - www.financetom.com All Rights Reserved