By Robb M. Stewart
Shares on Canada's main exchange were on track to finish the week at a fresh high, edging up despite uncertainty over global trade as the U.S. deadline for tariffs looms.
In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 0.1% higher at 27066.38. That puts it up 1.4% for the week, and 9.5% higher so far in 2025. The index touched a new high of 27072.20 earlier in the session.
Finance and retail stocks led broad gains, while technology and manufacturing stocks were among the laggards. Heavily-weighted Fairfax was the biggest driver, with its shares rising 0.2%.
The blue-chip S&P/TSX 60 was up 0.1% at 1611.23.
Shares of gold miners were higher after gold futures advanced, putting the precious metal on track to end the week flat. Barrick Mining was ahead 0.4%, Agnico Eagle Mines gained 0.6% and B2Gold was up 0.2%.
President Trump unsettled markets after he said the U.S. is poised to inform many trading partners of unilateral tariff rates of as much as 70%, with notices set to be sent to countries by July 9.
Ottawa and Washington are in the midst of talks to secure a new trade deal between the two countries, and have said they are looking to reach an agreement by July 21. The countries resumed negotiations early in the week following the Canadian government's decision to rescind a digital-services tax that would have collected billions of dollars from U.S. tech companies it argued may not be paying any tax on revenue raised in Canada.
Other market movers:
Shares of H&R Real Estate Investment Trust jumped 12% to C$11.87, widening the advance in 2025 to 28%, after the property investor said it is mulling approaches made by prospective suitors looking to buy the company or its assets.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
07-04-25 1216ET
