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TSX Slides Ahead of Tariffs

  • Canada's main stock index, the TSX Composite, opened lower on Tuesday due to losses in financials and cautious investor sentiment ahead of President Donald Trump's planned announcement of reciprocal tariffs.
  • First Quantum Minerals agreed to end two arbitration proceedings related to its Cobre Panama copper mine, resulting in a jump in the company's shares.
  • President Trump is set to announce reciprocal tariffs that will bring U.S. tariffs to other countries' levels on Wednesday, with specific details yet to be revealed.
  • The S&P 500 remained flat as the market awaited clarity on Trump's tariff policy rollout and faced pressure from weaker-than-expected economic data.

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