TSX Flat as Investors Weigh Tariffs

Canada stocks stayed flat as traders assessed new U.S. tariffs and awaited details on sanctions against Iran. The materials sector rose while energy shares declined.

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The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

Canada's benchmark stock index hovered near flat on Monday morning as investors weighed new 50% tariffs imposed by the United States alongside brewing trade and geopolitical tensions. The S&P/TSX Composite Index held steady at 36,615.45 points during Monday morning trade. The market action comes as traders brace for upcoming U.S. inflation figures and potential sanctions on Iran's trade network.

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