02.04.202515:52:00UTC+00TSX Rebounds

The S&P/TSX Composite Index rebounded from early losses to increase by about 0.3%, surpassing the 25,100 mark on Wednesday. This upturn aims to achieve three consecutive days of gains amid changing dynamics in the trade war, fostering cautious optimism among investors. Treasury Secretary Scott Bessent remarked that the outlined tariff rates would be the maximum rather than a starting point, indicating a scope for negotiation. Despite this, U.S. reciprocal tariffs, which President Donald Trump plans to implement immediately, continue to threaten longstanding trade norms and could impact sectors in Canada reliant on exports. The technology sector experienced some relief, with notable gains from Shopify (+0.6%), Constellation Software (+0.9%), CGI (+0.6%), and Celestica (+3.7%). Similarly, financial sector giants such as RBC, TD Bank, BMO, and Scotiabank remained in positive territory. On the other hand, leading mining stocks such as Agnico Eagle, Barrick Gold, and Franco-Nevada saw declines from 1.0% to 1.6%.