TSX Edges Lower From Record High

2026-02-23 21:04 By Felipe Alarcon 1 min. read

Canada's S&P/TSX Composite Index gave up its fresh record to close 0.1% lower at 33,900 on Monday as a gold-led rally in materials failed to fully counteract a tech and financial sector retreat.

Canada's main index defied the steeper losses seen on Wall Street but remained under pressure from President Trump’s sudden hike to 15% global tariffs.

Gold producers provided the primary support as investors sought safety with Agnico Eagle surging 5.8%, Barrick Gold adding 3%, and Wheaton Precious rising 3.8% as bullion prices hit new milestones.

Conversely, the technology sector mirrored the US rout, with Shopify plunging 7.1% and Constellation Software dropping 3.2% on AI displacement fears.

Financials also weighed on the index, led by a 2.4% slide in BMO and a near 1% drop in RBC.

Emera ended marginally lower despite beating profit estimates earlier in the day.



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