Jan 21 (Reuters) – Canada’s main index extended gains on Tuesday led by mining and technology shares, as investors assessed early clues about U.S. President Donald Trump’s trade policies.
The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE), was up 0.3% at 25,249.63, and was set for its sixth straight session of gains.
Among sectors, materials (.GSPTTMT), led the charge with a 1% jump as it tracked rising gold prices.
Information technology (.SPTTTK), rose 0.8%, while utilities (.GSPTTUT), opens new tab, often traded as a bond proxy, added 0.6% as the Canadian 10-year yield fell for a fifth straight session.
In contrast, energy stocks (.SPTTEN), were down 2.3% as crude oil prices fell following Trump’s plans to boost U.S. oil and gas production.
Trump did not immediately impose tariffs on Canada and Mexico after taking office on Monday, but said he was thinking of imposing 25% duties starting Feb. 1, citing concerns over…
