TSX Holds Steady as Markets Watch US-China Talks

2026-05-14 13:58 By Isabela Couto 1 min. read

The S&P/TSX Composite Index traded little changed near the 34,000 mark on Thursday as investors monitored developments surrounding the Middle East conflict and a high-stakes US-China summit.

US President Donald Trump is expected to discuss the Iran war during the meeting, while peace talks between Tehran and Washington remain deadlocked.

The banking sector posted gains, with Royal Bank of Canada and BMO both rising near 1%.

On the earnings front, Canadian Tire fell 3% despite reporting first-quarter adjusted profit above market expectations, while Keyera gained more than 1.5% despite posting a quarterly loss.

Sherritt International plunged over 20% after warning that its first-quarter financial filing could be delayed following the resignation of its external auditor and departure of its finance chief.

On the data front, Canadian home sales rose modestly in April while prices edged lower.

Canada’s wholesale trade also increased 1.9% in March, above forecasts.



News Stream
TSX Holds Steady as Markets Watch US-China Talks
The S&P/TSX Composite Index traded little changed near the 34,000 mark on Thursday as investors monitored developments surrounding the Middle East conflict and a high-stakes US-China summit. US President Donald Trump is expected to discuss the Iran war during the meeting, while peace talks between Tehran and Washington remain deadlocked. The banking sector posted gains, with Royal Bank of Canada and BMO both rising near 1%. On the earnings front, Canadian Tire fell 3% despite reporting first-quarter adjusted profit above market expectations, while Keyera gained more than 1.5% despite posting a quarterly loss. Sherritt International plunged over 20% after warning that its first-quarter financial filing could be delayed following the resignation of its external auditor and departure of its finance chief. On the data front, Canadian home sales rose modestly in April while prices edged lower. Canada’s wholesale trade also increased 1.9% in March, above forecasts.
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TSX Futures Edge Higher as Markets Track US-China Talks
Futures tracking the S&P/TSX Composite Index edged up on Thursday as investors monitored developments surrounding the Middle East conflict and a high-stakes US-China summit. US President Donald Trump is expected to discuss the Iran war during the meeting, while peace talks between Tehran and Washington remain deadlocked. Canadian Tire reported first-quarter adjusted profit above market expectations, while Keyera posted a quarterly loss. Sherritt International said its first-quarter financial filing could be delayed after the resignation of its external auditor and departure of its finance chief. On the data front, Canadian home sales rose modestly in April while prices edged lower. Canada’s wholesale trade also rose 1.9% in March, beating forecasts.
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