TSX Near Flat as Canada's GDP Rebounds

2026-06-30 20:40 By Isabela Couto 1 min. read

The S&P/TSX Composite Index inched up 0.1% to close at 34,857 on Tuesday as investors assessed GDP data and developments in the Middle East.

Canada’s economy rebounded more than expected in April after a mild contraction in March, while an advance estimate pointed to a further 0.1% monthly expansion in May, signaling that growth may be stabilizing.

The data improved the outlook for corporate earnings and eased concerns over a deeper tariff-driven slowdown.

Meanwhile, US envoys in Doha said they would not meet with Iran, raising doubts over efforts to resolve the conflict and reopen the Strait of Hormuz, though technical talks on regional security are expected this week.

Oil prices remained below recent highs, helping ease inflation concerns.

Financial stocks advanced, with RBC up 1% and TD Bank gaining 0.8%.

Mining stocks were mixed as gold prices fluctuated, with Agnico Eagle Mines rising 0.9% and Barrick slipping 0.6%.

In tech, Celestica jumped 6.1%, tracking Wall Street’s rally.



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TSX Near Flat as Canada's GDP Rebounds
The S&P/TSX Composite Index inched up 0.1% to close at 34,857 on Tuesday as investors assessed GDP data and developments in the Middle East. Canada’s economy rebounded more than expected in April after a mild contraction in March, while an advance estimate pointed to a further 0.1% monthly expansion in May, signaling that growth may be stabilizing. The data improved the outlook for corporate earnings and eased concerns over a deeper tariff-driven slowdown. Meanwhile, US envoys in Doha said they would not meet with Iran, raising doubts over efforts to resolve the conflict and reopen the Strait of Hormuz, though technical talks on regional security are expected this week. Oil prices remained below recent highs, helping ease inflation concerns. Financial stocks advanced, with RBC up 1% and TD Bank gaining 0.8%. Mining stocks were mixed as gold prices fluctuated, with Agnico Eagle Mines rising 0.9% and Barrick slipping 0.6%. In tech, Celestica jumped 6.1%, tracking Wall Street’s rally.
2026-06-30
TSX Steady on Strong GDP Data
The S&P/TSX Composite Index traded near flat close to the 35,000 mark on Tuesday as investors assessed stronger-than-expected GDP data and developments in the Middle East. An advance estimate for May also pointed to a 0.1% monthly expansion, suggesting growth may be stabilizing. Canada’s economy rebounded more than forecast in April after a mild contraction in March, easing concerns that a tariff-driven slowdown was deepening. The data supported sentiment by improving the outlook for corporate earnings and reducing downside risks. Meanwhile, top US envoys in Doha said they would not meet directly with Iran, casting doubt on efforts to end the conflict and fully reopen the Strait of Hormuz. Instead, there will be technical talks this week on issues including regional security. Oil prices edged higher but stayed below recent peaks. Banks and energy stocks traded higher, RBC and Canadian Natural rose about 1%. Miners posted losses, with Agnico Eagle down 1.5%.
2026-06-30
TSX Futures Edge Up on Stronger GDP Data
Futures tracking the S&P/TSX Composite Index edged higher on Tuesday as investors assessed stronger-than-expected GDP data from Canada. An advance estimate for May also pointed to a 0.1% monthly expansion, signaling that growth momentum may be stabilizing.The economy rebounded slightly more than forecast in April after a mild contraction in the previous month, easing concerns that a tariff-driven slowdown was becoming more entrenched. The stronger data supported sentiment by improving the outlook for corporate earnings and reducing downside risks for the broader economy. Meanwhile, oil prices remained below recent peaks following signs of progress toward ending the Middle East conflict, easing energy-driven inflation concerns and supporting financial stocks and the broader market. Gold prices were stable after falling in the prior session, helping limit pressure on mining shares.
2026-06-30