FX.co ★ TSX Poised for a 3-Day Win Streak

The S&P/TSX Composite Index experienced a modest increase of approximately 0.2%, surpassing the 24,500 level on Thursday. This movement marked the third consecutive session of gains as investors evaluated the evolving landscape of U.S. trade policies and tariff strategies. Investor sentiment was uplifted following President Trump's indication that the 145% tariffs on Chinese imports might not be a permanent fixture. However, Treasury Secretary Scott Bessent emphasized that formal trade negotiations have not yet begun, and Beijing has maintained its stance of delaying discussions until U.S. tariffs are reduced, which has moderated expectations for a quick resolution. In corporate developments, Cargojet's shares rose sharply by 8% due to strong quarterly performance. Additionally, the technology and energy sectors saw favorable outcomes, with companies such as Shopify, Constellation Software, Suncor, Imperial Oil, Cenovus, and Celestica experiencing share price increases ranging from 0.7% to 4.4%.