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TSX Starts off Week with Gains

  • Equities in Canada’s largest market started the week with gains, driven by technology and mining shares, despite losses in energy and healthcare sectors. Investor risk appetite decreased following U.S. President Donald Trump's announcement of 30% tariffs on imports from the EU and Mexico.
  • The TSX Composite Index rose by 83.64 points to open at 27,106.89, while the Canadian dollar decreased slightly to 73.04 cents U.S. Trump's tariff threats impacted trading sentiments.
  • Under the cloud of tariffs, the TSX Venture Exchange gained 4.33 points, with varying performances across TSX subgroups. The macroeconomic front saw a modest 0.1% increase in wholesale trade for May, reaching $84.2 billion.
  • On Wall Street, stocks remained relatively stable despite Trump's tariff warnings. Investors are cautious but optimistic that the tariffs will be moderated through negotiations. Eyes are on upcoming earnings reports, inflation data, and treasury yields.

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