The S&P/TSX Composite Index rose 0.5% to close at 25,033 on Tuesday extedning gains from the previous session as strength in major tech and financial equities helped counterbalance concerns over impending U.S. reciprocal tariffs.
E-commerce giant Shopify rose 2.1%, snapping a four-day losing streak, while Brookfield Corporation advanced 2.2%, bolstering the financial sector.
A corporate standout was First Quantum, which jumped 4.9% after settling arbitration disputes over its Cobre Panama mine.
However, overall gains were tempered by persistent worries that disrupted cross-border trade could reduce export volumes for Canada’s industrial and resource sectors.
This anxiety was further reflected in the S&P Global Canada Manufacturing PMI, which fell to 46.3 in March from 47.8, signaling sharp declines in output and new orders, while rapidly rising input costs—the fastest pace since mid-2022—further squeezed margins and constrained…
