The S&P/TSX Composite Index experienced early gains but ultimately ended slightly lower on Friday, closing at 26,498 and resulting in a marginal decrease for the week. Initially, there was some relief from President Trump’s decision to postpone U.S. intervention in the Iran–Israel conflict for up to two weeks. However, this relief was tempered by a declaration from Israel’s UN ambassador, who insisted that attacks would not cease until Iran’s nuclear threat was fully dismantled. In another development, Prime Minister Carney’s commitment to finalizing a comprehensive trade agreement with Washington within 30 days helped ease fears of retaliatory tariffs on steel and aluminum, providing support to the resource and industrial sectors. In terms of sector performance, the technology sector led the decline, with Constellation Software, CGI, and Celestica dropping between 0.8% and 2.1%. Additionally, energy and base-metals sectors linked to commodities contributed to the downward pressure on the index. On the other hand, e-commerce leader Shopify defied the downward trend, posting a 1.8% increase.
The material has been provided by InstaForex Company – www.instaforex.com
- Federal Reserve Reserve Balances Decline: What It Means for U.S. Economy - June 20, 2025
- Federal Reserve’s Balance Sheet Sees Slight Increase as Economic Dynamics Evolve - June 20, 2025
- Ibovespa Tumbles Amid Hawkish BCB - June 20, 2025
