What’s going on here?
The Toronto Stock Exchange hit a three-month high, with miners and energy sectors buoying the mood amid a US-China tariff truce.
What does this mean?
The exchange climbed 130 points as the US-China trade truce boosted most sectors. Miners and energy stocks rose by 1.5% and 1.9%, thanks to higher oil and gold prices. But telecom and healthcare sectors lagged behind. BMO Economics noted that tariffs on US imports are now effectively reduced to about 10% from 26%, relieving some trade tensions. Yet, other issues remain, and Rosenberg Research pointed out the positive effects haven’t reached small businesses, with the NFIB small-business sentiment index dipping to 95.8. While optimism prevails, there’s caution about high valuations potentially cooling interest in riskier assets.
Why should I care?
For markets: An optimistic outlook tinged with caution.
Toronto’s positive market response signals investor confidence in…
