The Canadian stock market pulled back from record highs as investors took profits amid ongoing tariff negotiations with the U.S. The S&P/TSX Composite Index closed at 27,372.26, down 0.16%. Trade talks are crucial as Trump threatens Canada with additional tariffs. Retail sales in Canada increased by 1.6% in June, with a 4.90% year-on-year growth in May. Business owners are less pessimistic about a recession, and expectations are low for Bank of Canada to change lending rates on July 30. Major gainers included real estate, energy, healthcare, and consumer staples, while financials, IT, consumer discretionary, and materials declined. Notable gainers were Colliers International Group Inc and Vermillion Energy Inc, while Blackberry Ltd and Orla Mining Ltd were among the losers.

Read more at Nasdaq: Canadian Stocks Decline Amid Trade Uncertainty, Profit-Taking