FX.co ★ TSX Ends Marginally Up

Canadian markets edged slightly higher on Tuesday as tensions surrounding trade eased somewhat following the U.S. administration's decision to temporarily suspend tariffs on Canadian goods for approximately one month. However, the ongoing tariff exchange between the U.S. and China continued to stir uncertainties about the global economic outlook, maintaining a cautious investor sentiment.

The S&P/TSX Composite Index, which at one point surged to 25,446.17 with a gain exceeding 200 points, trimmed much of its advancement to close at 25,279.35, marking an increase of just 37.59 points or 0.15%.

Among the sectors showing positive momentum were energy, technology, and consumer staples, while financial stocks experienced a decline.

Notable individual performers included Celestica Inc., which surged over 7%, and First Quantum Minerals, with a rise of about 6.8%. First Majestic Silver also saw a substantial increase, finishing nearly 6% higher.

Other gainers included Blackberry, Ivanhoe Mines, Lundin Mining, Aurora Cannabis, Cenovus Energy, Cameco Corporation, and Baytex Energy, each registering gains between 4% and 6%.

Stocks such as Mattr Corp, Transcontinental, New Gold, Hudbay Minerals, Bombardier Inc, MEG Energy, Crescent Point Energy, Oceanagold, Real Matters, and Precision Drilling showed growth, climbing 3% to 4%.

On the downside, Brookfield Asset Management, Iamgold Corp, Thomson Reuters, Bank of Montreal, Bausch Health Companies, Royal Bank of Canada, Imperial Oil, CGI Inc, Russel Metals, and Fortis saw declines ranging from 1.6% to 3%.