FX.co ★ TSX Slip on Mining and Tech Losses

The S&P/TSX Composite Index slipped 0.4% to close at 34,824, dragged lower by weakness in the mining and technology sectors. Gold prices retreated as easing geopolitical tensions reduced demand for safe-haven assets, putting pressure on mining stocks. Agnico Eagle and WPM each declined 2.1%, while Franco-Nevada dropped 3.6%.

Technology shares also lagged despite gains on Wall Street, with Shopify down 2%. In contrast, bank stocks advanced as oil prices hovered near pre-conflict levels after the US and Iran agreed to halt mutual attacks ahead of peace talks later this week, even as clashes resumed over the weekend. Softer oil prices eased worries about energy-driven inflation, lending support to financials. RBC gained 1%, while TD Bank and BMO each added 0.6%.