Canada Daily Briefing

TSX banks carry a +0.25% session but BlackBerry -5.96% and Shopify -2.00% expose the tech-sector fault line as fixed rates start climbing again

TSX edges negative as Tech +1.5% (BB +4.2%, SHOP +2%) offsets Telecom and Materials weakness

MSCI Canada -1.83% as SHOP -3.66% drags tech and CIBC -2.88% leads bank selloff; Suncor +1.55% the lone conviction trade

SHOP +7.1% to $147.74 drives TSX Tech +2.6% — Canada's strongest relative session vs US tape in weeks

Shopify +7.3% and TSX Tech +5.4% Can't Offset Energy -2.2%, Materials -3.5% — Canada Flatlines on Bifurcation

TSX proxy -0.3% with Big Six banks defending flat — BAM +1.4%, CM +1.0% vs gold miners GOLD -3.0%, OTEX -4.0%

TSX banks and insurance outperform (+0.32%, +0.60%) as Materials -2.66% drag keeps iShares MSCI Canada -0.31%

TSX flat as Big Six banks hold the line; materials -2.7% drags Barrick and Nutrien lower.

Westgate Energy Upsizes Bought Deal to $6.5M as Copper Demand Powers Canadian Resource Stocks

Tariff Death Spiral: Aluminum Faces Existential Reckoning as Fed Complicates BoC’s Calculus

Energy and Materials Lead Canada as Capital Reversal Narrative Gains Momentum; Shopify and BCE Drag Tech and Telecom

TSX proxy flat (-0.13%) as Tech surges +2.95% — Materials -1.86% tells you the gold trade is cooling

Gold surge saves Sunday — Barrick +5.1% lifts Materials +2.4% while TRP and CNQ drag energy lower

TSX Proxy +0.48% — Drone Defense Upgrade, Maxim Power NCIB, and US Trade War Tariff Pressure in Focus

TSX Nudges +0.48% as GOLD Surges 5.1% on Safe-Haven Demand While Energy Sector Bleeds -1.1%

TSX Drops -1.15% as Barrick Gold -7.0%, ENB -3.8% Lead Materials and Energy Selloff; Banks Resilient

TSX slides 0.8% as Shopify craters 5.5% and tech drags — gold and oil names the only refuges

SHOP -7.57% craters Canadian tech, dragging iShares MSCI Canada -0.89% — gold saves the day at GOLD +2.90%

GOLD +11.2% drove Materials +4.82% but Trump's Bombardier boycott call, TD -1.4%, SU -1.3%, and OTEX -3.6% summed to MSCI Canada -0.69% — trade risk re-enters the TSX equation

iShares MSCI Canada -0.69% as Barrick Gold (GOLD) exploded +11.2% while TD slipped -1.4% on US tariff risk concerns

Barrick Gold (GOLD) surges +11.21% to $46.13 as Dutch central bank repatriates gold from North America on geopolitical unrest.

Barrick Gold (GOLD) +11.2% drives Materials sector +4.8% as Dutch central bank repatriates gold from North America — broader TSX proxy -0.69%

MSCI Canada proxy surges +1.96% as small-caps lead; Lululemon -15% stings TSX consumer names; Rogers/Quebecor lock in 12-year NHL rights deal

TSX +1.11% on BoC rate hold — banks and materials lead, NTR +3.35%, Big Six all green

iShares MSCI Canada -1.35% as SHOP -5.1%, CP -4.0%, BlackBerry -3.9% lead the selloff; oil sands CNQ +3.5%, SU +3.2% the lone bright spots

TSX split: Oil sands +2.2% (CNQ, SU) carry energy while Shopify -3.6% and rails drag — US dollar bear market thesis is the CAD macro trade

TSX Falls 0.85% as BlackBerry Crashes 5.7% and Oil Sands Names Retreat on Crude Softness

TSX Tumbles 0.85% as Trump Invokes 1930 Tariff Law on $20B Canadian Imports; Tech -2.3%

TSX Sinks 0.85% as BlackBerry Craters 5.7% and Trade-War Fears Resurface After Warsh Shock

BlackBerry Surges 11% and Gold Hits US$4,600 as Canada Splits on Tech Surge vs. Bank Drag

TSX -0.65% as National Bank Beats and Energy Gains; SHOP Retreats on Post-Nvidia Tech Rotation

Canadian Banks Surge 2.9% as BMO and Scotiabank Beat Expectations Amid Tariff Escalation

Trump's 50% auto tariff threat crushed TSX rails (CP -2.1%, CNI -1.9%) and left economists estimating half a GDP point off Canadian growth if escalation holds

Canadian Markets Rise as Financials Drive TSX Gains on Rate Cut Optimism

Canada's iShares ETF advanced 0.96% to 62.36 as Nutrien gained 2.9% and the market shrugged off Carney's 'at war' trade framing — pipelines and telecoms paid the price instead

TSX Materials +2.2% (NTR, CP, BAM lead) as tentative Canada-US trade deal lifts CAD and 17 lenders hike fixed mortgage rates

TSX delivers muted session at MSCI Canada -0.10%: Materials +2.00% and Energy +1.58% kept the tape from going red while Banks -1.46% weighed

Barrick Gold (GOLD) +8.8% as safe havens surge, Big Six banks down 3-4% — TSX split on US tariff deal deadline looming Saturday

MSCI Canada -0.97% as Barrick Gold implodes -7.8% and tariff deal hopes collapse; energy corridor the lone green

TSX defensive rotation day — Banks +0.94% and Insurance +0.91% absorb SHOP -2.66% and BAM -2.77% drag as CPPIB posts record net income

TSX Banks and Energy Hold the Line as Shopify -2.66% and BAM -2.77% Lead Tech Rout; Inflation Risk Returns

TSX rallies +0.53% as SHOP +5.4% leads tech surge — but GOLD -1.95% and miners cap the upside while BoC rate-cut odds climb on benign US CPI.

Canadian banks surge 1.5% and Barrick Gold adds 2.6% as the TSX's defensive duopoly powers broad outperformance

TSX flat as BAM +4.77% and BCE +3.68% absorb sector weakness; Air Canada's $10B Aeroplan deal leads a busy earnings session

TSX energy and materials power higher — SU +4.4%, CNQ +3.8% on Hormuz crude premium; BoC divergence from Fed widens

Barrick Gold +3.5% and SHOP +2.8% lead TSX as Nutrien drops 3.5% and oil sands slip on ceasefire-driven crude easing

iShares MSCI Canada +0.99% — Barrick Gold +3.6%, Shopify +2.8% led while Suncor -2.0% and Nutrien -3.5% dragged energy and materials.

Lumber giant Interfor shifts corporate support to the US — the redomiciliation trend TSX bulls should watch

BCE surges 3.1% on unknown catalyst; Trump 15% polysilicon tariff hits Canadian solar supply chain; gold miners bleed

SHOP +17% AI-earnings blowout carries TSX to +1.3% outperformance as oil-sands names bleed on Iran-driven crude rout

TSX torn: Shopify +5.4% and tech +3.6% can't offset Big Six bank weakness and energy's -1.2% selloff — MSCI Canada +0.59%

Iran-relief oil selloff swept CNQ -2.8%, TRP -2.3%, NTR -4.5% through the energy-and-materials patch, while BAM +4.7% and OTEX +3.0% kept MSCI Canada barely green at +0.44%

TSX -0.67% as materials crater -2.02% on OPEC+ quota hike; banks hold, energy fades

MSCI Canada -0.67% at 59.39 — SHOP's -4.29% crash and NTR's -2.33% made Tech and Materials the session's drag while CNQ +0.85% and SU +0.82% held energy flat and BAM +0.92% quietly ran its own race.

TSX slips -0.7% as SHOP -4.3% and materials -2.0% overwhelm BoC rate-hike anxiety; banks barely hold neutral at +0.09%

TSX proxy +0.84% as gold (Barrick +4.8%) and banks (TD +2.4%) lead, but SHOP -5.2% and BCE -2.8% reveal a market in factor rotation, not broad advance

TSX -0.92% as Big Six banks (CIBC -3.0%, BMO -3.0%) sell off on US 19-year yield shock; CNQ +5.1% and Suncor +2.97% lead oil-sands recovery

TSX proxy +0.76% on broad rotation — Telecom, Banks, and Tech advance while Canfor exits Fox Creek permanently

Shopify surges 11.5% and gold miners rally while Canadian Energy drops 3% on US-Iran ceasefire talks

TSX Gains 0.4% as SHOP +1.6% and Insurance Lead While CNQ -1.2% and SU -0.9% Diverge from $100 Brent — BoC/Fed Spread Watch Dominates

TSX Canada +0.42% with banks +0.53% leading while Energy dips -0.11% despite oil above $100; OTEX +3.9% and SHOP +1.6% provide tech-rotation boost.

Energy Bleeds Despite $100 Oil; OpenText and Shopify Carry the Canadian Session

TSX Proxy -0.78%: Energy Sector +1.4% on Oil Above $100 Offsets Bank Weakness as CN Rail Reports Q2 Tomorrow

TSX Edges +0.4% as Energy and Materials Lead on Crude Surge; Shopify Drops 3.7% and Brookfield Acquires Battery Storage Giant Aypa

TSX adds 0.73% as gold surge — Barrick +6.3% — absorbs Trump's 50% tariff threat; oil sands join the run on Hormuz risk premium

TSX hammered across all 7 sectors as Trump announces 50% tariff on Canadian imports with 30-day clock; Big Six banks shed 2.4-2.8%, SHOP +0.7% the only meaningful gainer

MSCI Canada +0.10% — SU +2.88% and CNQ +2.40% handed Energy bulls the session on $84 Brent as US-Iran war entered night eight, but BAM -2.50%, SHOP -1.20%, and BCE -1.36% told you the broad TSX had no conviction beyond oil-sands names.

TSX Energy lifts Canada +0.10% as Suncor +2.9% and CNQ +2.4% ride Iran war premium — Telecom and BAM weigh

TSX energy names lead with Suncor +2.9% and CNQ +2.4% as oil advance offsets Brookfield -2.5% and BCE weakness

iShares MSCI Canada -0.17% as Materials sank 2.0% on chip contagion; CNI +3.4% and OTEX +2.9% led gainers while EIF's Nunavut win gave a small-cap bright spot.

TSX outperforms as Insurance +2.7% and Telecom +1.9% lead — Manulife +3.3%, Brookfield +3.2%, while Shopify -1.7% and BlackBerry -3.4% remind you this isn't a tech rally

TSX Rides Materials and Bank Surge as Soft US CPI Lifts the Loonie and OTEX Takes IBM's Punishment

TSX barely positive — oil sands (SU +3.4%, CNQ +3.0%) carried energy +2% while gold (GOLD -3.6%) gave back safe-haven premium; MSCI Canada +0.14%

TSX mixed — BlackBerry surges 9.5% while BCE drops 2.9% and Shopify -2.3%; Hammond Power closes CAD $365M AEG acquisition and Tilray acquires HelloMD

TSX eked out a +0.3% gain despite energy (-0.5%) and banks (-0.4%) dragging — BB's 10.3% surge and Shopify's 4.7% pop showed the loonie's tech names can still rally when the right catalyst lands.

Canada tech trio — BB +10.25%, SHOP +4.69%, OTEX +3.37% — powers TSX Tech to +6.11%, but Banks and Energy stay flat as Hormuz tanker strike clouds the oil patch

BB +10.25% + SHOP +4.69% drive TSX tech to +6.11% — but banks and oil drag limits index to +0.31%

BlackBerry +19.95% detonates TSX Tech +6.17% — analyst call drives the session's dominant trade as CN Rail +3.84% and CP +2.67% give Industrials +3.25% real breadth; PCE 4.1% three-year high locks BoC into a tighter-for-longer stance alongside the Fed

TSX slips 0.66% as oil sands names bleed — CNQ -4.0%, Suncor -3.6% — while Shopify surges 6.0% defying the tape

OTEX surges 5.7% as energy pipelines (ENB +1.7%) hold; gold stable at Barrick +1.4% while CNQ -1.8% drags oil sands on weak crude

TSX proxy +0.03% flat as BlackBerry +4.9%, CIBC +2.1%, CNQ +1.8% lead muted session — Public Storage $1.2B Canada deal signals REIT M&A appetite

TSX split: Sun Life +1.3% and BNS +0.8% hold banks green as CNQ -3.2% and BB -5.1% drag energy and tech

TSX slips 0.55% as BlackBerry crashes 5.1% and CNQ falls 3.2%; banks hold with BNS +0.76% as energy and materials bear the week's burden

TSX slips -0.55%: CNQ -3.2% leads energy sector lower as Hormuz normalization pressures oil-sands revenue — BB -5.1% and Alamos Gold output cut from earthquake compound the sell tape.

TSX slips 0.55% as energy and materials sell off while Canadian banks provide the defensive floor

iShares MSCI Canada -1.56% — Tech rout (-4.35%) hits Shopify -4.54% and OpenText -4.79% while Big Six banks barely hold the line at +0.006%

TSX split session: banks (BNS +1.1%, RY +1.0%) bid while oil sands (SU -2.5%, CNQ -1.6%) bleed — Gildan's short-seller hit is the single-name story of the day.

TSX nearly flat (+0.3%) as SHOP surged +3.9% and the Big Six held ground — but oil sands bled -3.2% and BCE's 700 job cuts added to the telecom -2.2% rout

TSX lifts +0.46% as Materials surge 2.66% and Banks add 1.02%, with NTR jumping 3.14% on potash demand optimism

TSX proxy +0.46% as Materials surge 2.7% and gold/potash lift the day — Iran deal and Carney trade play

TSX Materials +2.7% as NTR and Barrick Rally; Shopify -2% and Energy Flat Cap the Upside

TSX Rises 1.4% as Barrick Gold Surges 6.2% and Shopify Gains 2.1% — Materials Lead, Energy Flat

BoC Holds Rate as Energy Leads TSX: ENB +1.6%, CNQ +1.6%, SU +1.5% While SHOP -2%, BAM -3%

TSX Energy slumped 1.5% as SU and CNQ dropped 3%+ on crude price softness, while Materials rallied 1.1% on gold strength and Canfor announced a $68M engineered wood acquisition

TSX flat as gold and oil sands lead — Canadian dollar hits fresh 2026 low under multiple headwinds

TSX takes -2.3% hit: Tech -5.6%, Materials -3.0%, Energy -2.6% as CPI bomb risks loom

TSX hammered: SHOP -5.6%, SU -5.0%, CNQ -4.1% as rate-hike fears crush tech and oil sands together

TSX -2.3% as BB -9% and SHOP -5.6% lead tech carnage; oil sands (SU -5%, CNQ -4%) crushed by dollar strength

iShares MSCI Canada +1.3% to 59.42 as Barrick Gold (GOLD) surges +4.5%, banks lead; Lululemon beats Q1 but signals more headwinds

iShares MSCI Canada -1.4% as BAM shed 5.2% and OTEX -4.4% — energy was the lone positive floor with CNQ +1.0% as US tariff fears were partially offset by official impact estimates.

TSX Energy Infrastructure Surges as SHOP Drops 5.6% — Oil Premium Drives Pipeline Winners

TSX flat as tech-Canada surges (BB +8.2%, OTEX +7.1%, SHOP +4.6%) while Big Six banks and Barrick drag: two very different Canadas trading in the same index

TSX proxy +0.39% as Shopify +3.2% leads tech while Suncor -1.5% and Nutrien -1.6% drag energy; BoC-Fed divergence is the loonie watch this week

MSCI Canada +0.39% as SHOP +3.2% offsets oil sands wildfires hitting Energy -1.36% and Materials -1.40% in a split-tape Friday.

TSX +0.26% as Shopify leads tech +3.1% — but energy -1.5% and technical recession headlines keep the macro read cloudy

CIBC crashes 5.1% and Banks sector sinks 1.2% while Shopify surges 7.9% — TSX split day

TSX Proxy Falls 0.75% as Energy Leads Down 2.3%; CNQ Drops $1.08 While Scotiabank Beats but Can't Stop the Tape

TSX muted +0.32%: TD holds as GFL wins merger approval; energy -1.9% bleeds on Iran ceasefire optimism

BlackBerry Surges +18.9% to $7.91 as Canada Tech Leaps 6%; BoC Stays Sidelined as Auto Sector Slumps

BlackBerry (BB) surges 19% in standout single-stock move; GOLD +3.9% as Shopify -1.8% and tech sector face Canada tech-exodus warning

TSX flat -0.12% as BlackBerry rockets +18.95% and Barrick gains +3.88% — Alberta secession stakes raise political risk premium

iShares Canada Flat as Warsh's Fed Debut Sets BoC Divergence Test; Tim Hortons Braces for Dunkin' Return

TSX proxy +0.5% as BlackBerry surges 7.3% and Barrick adds 1.9% — Canada mortgage delinquencies +45% cast a shadow over the banks' good day

TSX proxy surges 1.37% as Insurance and Banks lead — financials carry the index while oil sands drag

TSX +0.2% as Energy Leads and 128 Canadian Retail Stores Head for Closure

TSX -1.2% — Industrials Lead Modest Pullback, BCE Extends Dividend Drama, TRP Lone Green

TSX proxy falls 1.25% as gold names crater and materials drag; tech the lone bright spot

TSX proxy sheds 1.25% as Materials crater 1.82% and Barrick Gold dumps 4.5% on softening bullion demand

TSX proxy drops 0.9% as tech craters 3.6% and banks shed 1.3%, with SHOP alone losing $4.44

TSX dropped 0.9% as tech cratered 3.6% and banks shed 1.3%, with SHOP alone losing $4.44