Canada: TSX Retreats from Record High.

The S&P/TSX Composite reversed early session momentum to close 0.6% lower at 30,459 on Thursday, stepping back from record highs as major financials and energy producers dragged Canada’s main index lower. Financials led the decline with mega-caps RBC, TD, Brookfield, BMO, and Scotiabank losing between 0.8% and 2.8% amid renewed worries about bank credit quality as Zions Bancorp and Western Alliance plunged after disclosing sizable loan losses. At the same time, energy giants Canadian Natural Resources, Suncor, Imperial Oil, and Cenovus tumbled between 1.4% and 3.2% as oil prices dropped to their lowest since May. On the other hand, Celestica gained 3.7% after Goldman Sachs started coverage with a Buy and $340 target, citing strong AI-infrastructure demand and its ability to scale for hyperscale data centers. Agnico Eagle, Wheaton Precious, Barrick Mining, and Franco-Nevada outperformed, adding between about 2.8% and 3.8% as gold prices continued to test new highs.