Canada: TSX Slips as Tech Weakness Offsets Energy Gains.

The S&P/TSX Composite Index edged 0.2% lower to close at 35,264 on Friday amid a selloff in US semiconductor stocks. Technology shares came under pressure as investors reassessed the sustainability of this year's AI-driven rally. Fresh weakness in chipmakers and a disappointing forecast from streaming giant Netflix added to the negative sentiment. Shopify lost 1.4%, Constellation Software was down 0.9%, and Celestica shed 1.2%. Meanwhile, the US and Iran intensified attacks across the Gulf, with their collapsed truce disrupting oil flows through the Strait of Hormuz. The conflict pushed oil prices higher, stoking inflation fears and weighing on financials and the broader market. BMO and Scotiabank lost 0.5% each, while Brookfield shed 1.7%. In contrast, energy stocks posted gains on higher oil prices, with Canadian Natural up 2.0% and Suncor adding 2.6%.