Canada's main stock index, TSX, opened flat on Thursday as gains in mining and technology shares were offset by losses in energy shares, with investors watching U.S. tariff threats and trade talks progress.
Bain Capital, the private equity backer of Canada Goose, is considering selling its stake in the luxury brand, leading to a 4.3% increase in Canada Goose shares.
Canada seeks to finalize a free trade deal with Southeast Asian nations to expand into new markets amidst escalating trade tensions with the U.S., with potential counter-duties on U.S. exports if no agreement is reached by July 21.
On Wall Street, markets started on an upward trend despite trade uncertainty and the announcement of new U.S. tariffs on imported copper and Brazil, with the Dow Jones rising 147.5 points, S&P 500 up 0.95 points, and NASDAQ dipping 65.38 points.