The TSX flatlined on Tuesday before trading takes a pause for Canada Day, still on track for an eighth consecutive quarter of gains. Stronger commodity prices helped support overall sentiment.
The Trump administration is expected to announce that it will not renew the USMCA trade agreement, triggering a planned 10‑year phase-out of the long-standing North American free trade system while the US, Canada, and Mexico negotiate potential changes.
The Dow Jones Industrial Average advanced as oil traded below US$70 per barrel amid ongoing Middle East uncertainty, though Wall Street remained on track for a strong first half and second quarter. Financial stocks weighed on the market after Oppenheimer downgraded several major banks, including Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), and Citigroup (NYSE:C). On the flip-side, chip stocks like Nvidia (NASDAQ:NVDA) , Advanced Micro Devices (NASDAQ:AMD) and Intel (NASDAQ:INTC) performed well.
Despite early-year volatility driven by energy price swings and concerns over AI spending, equities have rebounded, with the Dow up 8 per cent, S&P 500 up 9 per cent year-to-date and the NASDAQ gaining 12 per cent, supported by easing AI fears and signs of geopolitical stabilization.
| TSX | 34,856.99 | +33.17 |  |
| TSXV | 896.90 | +5.81 | |
| CSE | 159.75 | +9.72 | |
| DJIA | 52,319.20 | +136.46 | |
| NASDAQ | 26,213.72 | +393.58 | |
| S&P 500 | 7,499.36 | +58.93 | |
The Canadian dollar traded for 70.50 cents US compared to 70.39 cents US on Monday.
US crude futures traded US$1.03 lower at US$69.72 a barrel, and the Brent contract lost $0.16 to US$72.99 a barrel.
The price of gold was up US$9.78 to US$4,033.47.
In world markets, the Nikkei was up 594.21 points to ¥70,062.32, the Hang Seng was down 145.66 points to HK$22,881.02, the FTSE was up 12.90 points to ₤10,497.12, and the DAX was down 468.92 points to €24,995.81.
