TSX edges lower as mining losses offset energy gains

The TSX slipped Monday as mining losses offset energy gains. Investors focused on Middle East tensions and March inflation data showing a 2.4 percent rise.

Xurve View
Insights:

The primary stock market in Canada inched lower on Monday, as a decline in mining shares overshadowed gains in the energy sector. The S&P/TSX Composite Index fell 0.16% to 34,289.88 points, ending a streak of four consecutive weekly gains. Investors remained cautious due to ongoing geopolitical tensions between the United States and Iran regarding a potential maritime ceasefire.

A pedestrian passes a vintage sign for the Toronto Stock Exchange in Ontario's capital. REUTERS/Mark Blinch/ File Photo
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.