S&P/TSX Composite
36,615.45FLAT
Early 0.3% gain faded by 10:00 EDT.
+1.1%Materials
−0.9%Energy
5 / 10Sectors higher
Investor read
Why the TSX is holding: a 1.1% materials gain offsets part of the oil decline. Gold’s safe-haven bid is lifting smaller miners by more than 4%.
Why the rally is stalling: energy is heavier than materials, and new U.S. tariffs threaten exporters. The index needs either steadier oil or financial-sector support to break higher.
What changes the setup: tariff details, Iran sanctions, U.S. inflation and Federal Reserve guidance can reverse both gold and oil quickly.