Canadian Stocks Advance Amid Gains In Metals Even As Concerns Over CUSMA Talks Loom

Canadian stocks edged higher, with the S&P/TSX Composite rising 0.37% to 34,980.00, as gains in gold-linked materials and broader strength in real estate, IT, materials, industrials, and utilities outweighed worries about CUSMA trade talks. The materials rally was supported by a surge in gold prices, boosting mining and gold-related shares, while investors remained focused on the mandatory July 1 review of the Canada-United States-Mexico Agreement and the risk of losing tariff-free access to the U.S. The article also noted geopolitical risks around the Strait of Hormuz and mixed sector performance, underscoring a market driven more by macro and policy uncertainty than domestic data. Overall, the session was mildly positive but cautious, with commodity-linked names and select small/mid-cap gainers leading.