Canadian stocks reached a record high as trade talks with the US are renewed, aiming for a deal by July 21.

From Nasdaq.: 2025-06-30 16:30:00

Canadian stocks reached a record high as trade talks with the US are renewed, aiming for a deal by July 21. Last week’s positive market momentum was driven by trade talks and Israel-Iran truce. The market reacted negatively to Canada’s digital tax on US companies, prompting Trump to end trade discussions. However, Canada rescinded the tax, leading to upcoming talks between PM Mark Carney and Trump. The TSX opened positively this week, with gains in Healthcare, Materials, and Communication Services. Energy stocks felt pressure from reports of OPEC+ increasing output in August. Notable gainers include Bausch Health, Tilray, and Lundin Gold, while Baytex Energy and Parex Resources were among the losers.



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