The TSX continued to crawl Tuesday, despite strength in telecoms, the index being weighed by resource stocks.
The index reached noon EDT Tuesday off 93.85 points to 35,118.47.
Gold prices declined as investors assessed renewed Middle East tensions and awaited the minutes from the Fed's June meeting for clues on monetary policy. Agnico Eagle, Franco-Nevada, and WPM fell about 1%, while Barrick lost 2%.
Oil prices, which had retreated to near pre-conflict levels following the Iran-Israel ceasefire, edged higher after reports of new attacks on vessels in the Strait of Hormuz.
The rebound supported energy stocks, with Canadian Natural Resources up 73 cents, or 1.3%, to $56.70 Suncor collected $1.60, or 2.1%, to $79.62, and Imperial Oil gained $3.58, or 2.2%, to $164.17.
RBC grew $1.21 to $296.50, however, TD Bank ditched two cents to $171.30, and BMO edged higher a dollar to $251.15, while Scotiabank lost 51 cents to $121.83. Shopify rose $2.13, or 1.3%, to $172.86, tracking gains in U.S. tech services stocks.
The Canadian dollar eked higher 0.08 cents to 70.46 cents U.S.
On the economic front, Canada's merchandise exports increased 1.6% in April, while imports edged up 0.3%. As a result, Canada's merchandise trade surplus with the world widened from $1.8 billion in March to $2.7 billion in April.
Elsewhere, the IVEY Purchasing Managers Index skidded to 56.2 in June from 58.2 in May, but improved on a reading of 53.3 in June 2025
ON BAYSTREET
The TSX Venture Exchange plummeted 26.22 points, or 2.8%, to 897.99.
Seven of the 12 subgroups were by noon, led by telecoms, surging 2.6%, while energy rumbled 1.5%, and utilities gained 1.1%.
Among the five laggards, gold and materials each plunged 3.5%, while health-care lost 0.3%.
ON WALLSTREET
The Dow Jones Industrial Average pulled back from record levels on Tuesday as investors once again appeared to rotate out of names tied to artificial intelligence and as oil prices advanced.
The 30-stock index backed off 184.2 points to 52,871.71, after surpassing 53,000 Tuesday for the first time ever.
The S&P 500 fell 35.64 points to 7,501.79.
The tech-heavy NASDAQ withered 278.11 points, or 1.3%, to 25,842.81.
Shares of Micron were last seen 6% lower, with KLA, Marvell Technology, Broadcom and AMD also posting declines.
Investors moved into key names in other areas of the market such as healthcare, financials and Big Tech. Shares of Eli Lilly gained 3%, while JPMorgan Chase and Microsoft also saw gains.
Walmart shares added more than 1% on the heels of the company announcing price cuts on products such as ground beef and Coca-Cola.
Prices for the 10-year Treasury regressed, raising yields to 4.52% from Monday’s 4.47%. Treasury prices and yields move in opposite directions.
Oil prices added $1.90 to $70.45 U.S. a barrel.
Gold prices gained $1.21 to $4,148.10 U.S. an ounce.
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