28 July 2025, 23:32  Canada: TSX Retreats from Records.

The S&P/TSX Composite dipped 0.3% to close at the 27,405 level on Monday, pulling back from the record high close marked the previous session as investors assessed the impact of ongoing global trade uncertainties on economic growth. Canadian equities found some support from the US-EU trade agreement announced over the weekend, which eased concerns over steeper tariffs and provided a modest boost to North American markets. Financial stocks led the decline, with RBC down 1%, TD Bank off 0.8%, and BMO losing 1.1%. Agnico Eagle Mines also dropped 2.3% as precious and base metal prices softened ahead of its upcoming earnings report. In contrast, tech shares benefited from improved risk sentiment, with Shopify rising 1.8%. Meanwhile, Enbridge was little changed ahead of its own earnings release later this week.

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