The S&P/TSX Composite climbed 0.3% to close at 26,972 on Wednesday, buoyed by a temporary easing of US–Canada trade tensions and a rebound in gold prices that supported Canada’s mining heavyweights. President Trump’s decision to postpone his August?1st tariff deadline, even as he unveiled 50% duties on copper and signaled potential levies on semiconductors and pharmaceuticals, has given Canadian exporters critical breathing room to renegotiate contracts and firm up logistics. He also pledged to notify the EU shortly of a moderated baseline rate, noting that discussions are “progressing well,” which further eased market nerves. Mining giants led the advance, with Agnico Eagle, Wheaton Precious Metals and Barrick Gold rising between 0.9% and 2.5%, while major banks and energy producers also added to the gains. On the domestic front, the June IVEY PMI rebounded into expansionary territory at 53.3, underscoring resilient private-sector activity.