Canada’s commodity-heavy main stock index scaled back from its record high on Monday, pressured by mining shares, while investors assessed a trade deal between the U.S. and the European Union.
The Toronto Stock Exchange’s S&P/TSX composite index TSX was down 0.5% at 27,356.44 points.
The U.S. struck a framework trade agreement with the EU on Sunday, imposing a 15% tariff on most EU goods and requiring the bloc to invest around $600 billion in the U.S.
Other countries are also looking to finalize trade deals before the August 1 tariff deadline. But U.S. President Donald Trump said on Friday the country may not reach a trade agreement with Canada.
“For whatever reason, the U.S. does not feel Canada is important enough to get a deal done, at least with any urgency… and that obviously is a big problem,” said Allan Small, senior investment advisor at Allan Small Financial Group with iA Private Wealth.
But in general, investors are…
