3 July 2025, 23:05 Canada: TSX Sets Fresh Record.
The S&P/TSX Composite closed 0.6% higher at a fresh record of 27,034 on Thursday, driven by gains in technology and financials amid optimism over a US–Vietnam trade agreement and robust US employment data. Canadian tech leaders Shopify and Constellation Software jumped 2.1% and 1.1%, respectively, while financial stalwarts Brookfield Asset Management and Bank of Montreal added 2.7% and 1.1%. Those advances more than offset declines in energy and base-metal miners as global metals prices softened. At home, Statistics Canada reported that May merchandise exports rose 1.1% and imports fell 1.6%, narrowing the trade deficit but leaving overall economic momentum muted. Talks to extend punitive US tariffs beyond the July?9th deadline remain unresolved despite Vietnam’s 20% reprieve, sustaining pressure on resource exporters. A stronger-than-expected 147,000 June US nonfarm payrolls print further bolstered confidence in North American growth.
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