FX.co ★ TSX Gives Up Record Peak

The S&P/TSX Composite slipped about 0.3% to fall below the 33,300 level, retreating from record highs as hawkish signals in the latest Federal Reserve minutes pressured rate-sensitive sectors and triggered profit-taking in technology and gold mining stocks. Major financials, including Royal Bank of Canada and Bank of Montreal, traded slightly lower, while bullion pulled back from recent peaks, weighing on Agnico Eagle (-0.8%), Barrick Gold (-0.7%), and Wheaton Precious Metals (-0.6%). Losses in materials were further exacerbated by a sharp decline in Teck Resources (-4%), despite an earnings beat, as investors took profits after a strong rally. The energy sector offered some offset, with shares supported by steady crude prices amid ongoing Middle East supply risks, boosting Canadian Natural Resources, Imperial Oil, and Cenovus Energy.