FX.co ★ TSX Closes Flat at Record High

The S&P/TSX Composite concluded the trading session at 27,036 on Friday, maintaining its stance at an all-time high. This occurred during a notably subdued market as investors awaited the approaching tariff deadline on July 9th and absorbed recent domestic economic data. With Washington preparing to send out notifications regarding potential tariffs of up to 70% on various imports, trading activity remained low and risk-taking was minimal. This was despite slight declines in oil prices and a minor decrease in gold values. Domestically, the market reflected concerns over economic stability with the private sector experiencing its seventh month of contraction and a still substantial merchandise trade deficit, highlighting the challenges in Canada's recovery. Investors are notably cautious, seeking clearer insights on US trade policies and local economic trends before making further investments. Nevertheless, the TSX experienced a 1.3% increase over the week, reaching new record highs.