After a strong rally the week before, Canadian stocks slipped slightly to start the new week after U.S. president Donald Trump renewed pressure on the Federal Reserve, demanding immediate rate cuts, citing falling inflation and economic slowdown risks. The S&P/TSX Composite Index fell 184 points, or 0.8%, on Monday to settle at 24,009 — ending its five-day winning streak.
While rallying gold and silver prices pushed mining stocks higher, heavy losses in other key sectors, including healthcare, real estate, and technology, dragged the broader market into the red.
In a fiery social media post, Trump claimed “virtually no inflation” as energy and food prices declined and warned that failure to cut rates could slow the economy. He also criticized Fed Chair Jerome Powell as “Mr. Too Late,” alleging political bias during the last election.
Top TSX Composite movers and active stocks
Energy Fuels, Bausch Health, Denison Mines,…
