27 October 2025, 23:11 Canada: TSX Weighed by Major Miners.
The S&P/TSX Composite fell 0.3% to close at 30,276 on Monday as weakness among major miners outweighed gains in tech and financials. Top Chinese and US officials sketched a trade framework for Presidents Trump and Xi to decide later this week in South Korea, prompting a clear risk-on shift that drained safe-haven flows and pushed gold lower, which in turn knocked Agnico Eagle, Wheaton Precious Metals, Barrick and Franco-Nevada down between 2.1% and 5% and capped the index’s advance. Tech and financial names provided offsetting support with Celestica up 1.9% ahead of earnings and Shopify and Constellation Software rising 1.3% and 1.6% respectively while Brookfield gained 1.2% and energy names traded firmer. Canada’s backdrop remained complicated by President Trump’s Thursday decision to end trade talks with Ottawa over a tariff-related ad and his subsequent threat to tack on another 10% in Canadian tariffs, keeping Canada-specific trade risk elevated.
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