FX.co ★ TSX Eases From Record High

On Thursday, the S&P/TSX Composite Index experienced a slight decline of approximately 0.2%, settling below the 26,500 level. This downturn followed a recent peak, influenced by several factors: falling oil prices, dimming trade prospects, and increased geopolitical tensions which collectively pressured Canadian markets. The decline in crude oil prices notably impacted major players such as Canadian Natural, Suncor, and Cenovus, which saw their shares fall between 0.9% and 1.5%. In addition, financial and technology stocks also suffered losses. The situation was further complicated by President Trump's announcement of imminent unilateral tariff impositions on key trading partners. This development introduced further uncertainty for sectors heavily reliant on exports. Amid these circumstances, rising tensions in the Middle East prompted investors to seek safety in more secure assets, highlighting the overall cautious tone of the session for the TSX.