TSX ends down 0.1% at 26,175.05
For the month, the index gains 5.4%
First-quarter GDP increases 2.2%
May 30 – Canada’s main stock index edged lower on Friday as energy and metal mining shares lost ground, but the index still posted its biggest monthly advance since November, helped by easing global trade tensions.
The Toronto Stock Exchange’s S&P/TSX composite index ended down 35.51 points, or 0.1%, at 26,175.05, its second straight day of declines after posting a record closing high on Wednesday. For May, the index was up 5.4%.
“I wouldn’t be surprised to see some consolidation after a big run, but intermediate-term the path of least resistance is up,” said Joseph Abramson, co-chief investment officer at Northland Wealth Management. “I think that political risk has peaked in terms of tariffs.”
The U.S. has suspended in recent weeks some of the sweeping tariffs it has imposed on goods from other countries, while Canada’s…
