Canadian stocks ended lower due to trade tensions and US-Canada tariff negotiations

Canadian stocks slipped on Monday amid global trade uncertainty and US-Canada tariff negotiations. The S&P/TSX Composite Index reached an intraday high of 27,100.16 before closing slightly lower at 27,020.28. Last Friday, the index hit a record high of 27,036.16. Investors are optimistic about a trade deal by July 21 as the US ambassador to Canada anticipates a “win-win” outcome. Trump threatens additional tariffs on BRICS nations. Canada aims to diversify its trade partners, with Canadian CEOs planning to sign business agreements in India. Major sectors like Utilities, Healthcare, and Energy saw losses, while Materials and Communication Services gained. Individual stocks like Nuvista Energy and Sandstorm Gold were notable movers in today’s trading.

Read more at Nasdaq: Canadian Stocks Ends Lower As Trade Tensions Resurface