Canada's S&P/TSX Composite Index gave up its fresh record to close 0.1% lower at 33,900 on Monday as a gold-led rally in materials failed to fully counteract a tech and financial sector retreat. Canada's main index defied the steeper losses seen on Wall Street but remained under pressure from President Trump’s sudden hike to 15% global tariffs. Gold producers provided the primary support as investors sought safety with Agnico Eagle surging 5.8%, Barrick Gold adding 3%, and Wheaton Precious rising 3.8% as bullion prices hit new milestones. Conversely, the technology sector mirrored the US rout, with Shopify plunging 7.1% and Constellation Software dropping 3.2% on AI displacement fears. Financials also weighed on the index, led by a 2.4% slide in BMO and a near 1% drop in RBC. Emera ended marginally lower despite beating profit estimates earlier in the day.