FX.co ★ TSX Steady as Energy Gains Offset Trade and Political Uncertainty

On Thursday, the S&P/TSX Composite Index concluded slightly down at 25,060 as energy sector gains were offset by broader market caution. This cautious sentiment was driven by the U.S. Federal Reserve's tempered growth forecast and mounting global trade tensions. Additionally, political uncertainty cast a shadow over investor confidence amid speculation that Prime Minister Mark Carney might call a snap election on April 28th, potentially impacting policy stability. Mixed economic indicators, including modest upticks in raw materials and industrial product prices, provided minimal support to the market. The session saw energy giants like Suncor, Imperial Oil, and Cenovus perform strongly, with share increases ranging from 0.6% to 1.4%, while the financial and technology sectors underperformed.