FX.co ★ TSX on a 7-Day Win Streak

The S&P/TSX Composite Index rebounded from early losses to close 0.3% higher at 25,693 on Wednesday. This marks the index's seventh straight day of gains, driven by robust performances from technology companies and railway sector leaders, which overshadowed setbacks in the mining industry. Global trade tensions eased, and US inflation data came in softer than anticipated, boosting market sentiment. Investors are now focusing on upcoming developments in international trade agreements. Shopify spearheaded the tech rally, increasing by 3.8%, buoyed by enhanced demand prospects due to relaxed monetary conditions and a more favorable trade outlook. Railroad stocks also experienced gains, with Canadian Pacific Railway rising by 3.8% and Canadian National Railway advancing by 1.4%, as hopes for a US–China trade agreement rekindled confidence in cross-border freight operations. However, overall market gains were restricted by underperformance from leading mining companies, including Agnico Eagle, Wheaton Precious Metals, Barrick Gold, and Franco-Nevada, which all saw declines ranging from 1.4% to 2.6%, in line with a continued drop in bullion prices.