The S&P/TSX Composite Index edged up to a fresh record of 26,870 on Wednesday as investors balanced tepid economic signals on both sides of the border with progress in US–Canada trade talks. Ottawa’s pledge to lift all retaliatory tariffs by July?9th followed last week’s digital services tax repeal, but had little fresh impact, keeping focus on Canada’s flat flash GDP for May and the US’s unexpected 33,000-job decline in June—the latter driving modest Treasury yield gains. Sector-wise, communications and materials led the advance: Rogers Communications leapt 7.2% on a BMO price-target upgrade, Teck Resources and First Quantum Metals rallied 3–3.7% on stronger copper outlooks, and Bombardier soared 21.4% after securing a 50-aircraft order. In contrast, technology underperformed, with BlackBerry down 8.2% on restructuring concerns, and defensive names such as Waste Connections, Great-West Lifeco and Cameco each slipped more than 3.5%.