Canada’s main stock index was flat in choppy trading on Wednesday as investors assessed weak domestic and U.S. economic data, while tracking signs of any progress on trade talks ahead of President Donald Trump’s July 9 tariff deadline. The S&P/TSX composite index (.GSPTSE) was flat at 26,877.26 points, after markets resumed trading following the Canada Day holiday. Data showed Canada’s manufacturing sector fell sharply in June, with U.S. tariffs affecting demand and leading to the biggest output cut in five years. Trump said on Tuesday he was not considering extending the deadline for countries to negotiate trade deals with the U.S. Canada aims to lift all tariffs as part of a deal with the U.S., Ottawa’s Washington Ambassador told The Globe and Mail. “There are concerns as we are still in negotiations and Mr. Trump is still in a fairly bellicose mood via his friends and trading partners…but we have climbed that wall of anxiety or stress with our resources and our financial institutions,” Caldwell Securities Chairman Thomas Caldwell said. On the TSX, healthcare stocks rose 1.6%, while mining shares advanced 1.2%, tracking a rise in copper prices. Hudbay Minerals (HBM.TO) and Capstone Copper (CS.TO) gained 3.2% and 5.7%, respectively. Communication stocks rose 1.5%, with Rogers Communications (RCIb.TO) adding 3.6% after BMO raised its price target. Conversely, technology stocks were the biggest laggards, falling 1.1%. BlackBerry (BB.TO) shares fell 6.9% to the bottom of the index. Among individual stocks, Bombardier (BBDb.TO) rose 14.6% to the top of the index after the company said on Monday it had secured an order for 50 Challenger and Global aircraft in a $1.7 billion deal including a service agreement. MDA Space (MDA.TO) was up 4.2% after it completed the acquisition of SatixFy Communications. First Quantum (FM.TO) rose 5.8% after Barclays raised its price target. Meanwhile, U.S. data showed private payrolls unexpectedly fell in June, with job gains being smaller than estimated during the month.
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TSX flat; investors focus on economic data, trade talks
July 2 (Reuters) – Canada ‘s main stock index was flat in choppy trading on Wednesday as investors assessed weak domestic and U.S. economic data, while tracking signs of any progress on trade talks ahead of President Donald Trump ‘s July 9 tariff deadline. n nThe S&P/TSX composite index (.GSPTSE), opens new tab was flat at 26877.26 points, after markets resumed trading following the Canada Day holiday. n nSign up here. n nData showed Canada ‘s manufacturing sector fell sharply in June, with U.S. tariffs affecting demand and leading to the biggest output cut in five years. n nTrump said on Tuesday he was not considering extending the deadline for countries to negotiate trade deals with the U.S. n nCanada aims to lift all tariffs as part of a deal with the U.S., Ottawa ‘s Washington Ambassador told The Globe and Mail. n n“There are concerns as we are still in negotiations and Mr. Trump is still in a fairly bellicose mood via his friends and trading partners…but we have climbed that wall of anxiety or stress with our resources and our financial institutions,” Caldwell Securities Chairman Thomas Caldwell said. n nOn the TSX, healthcare (.GSPTTHC), opens new tab stocks rose 1.6%, while mining shares (.GSPTTMT), opens new tab advanced 1.2%, tracking a rise in copper prices. n nHudbay Minerals (HBM.TO), opens new tab and Capstone Copper (CS.TO), opens new tab gained 3.2% and 5.7%, respectively. n nCommunication (.GSPTTTS), opens new tab stocks rose 1.5%, with Rogers Communications (RCIb.TO), opens new tab adding 3.6% after BMO raised its price target. n nConversely, technology (.SPTTTK), opens new tab stocks were the biggest laggards, falling 1.1%. BlackBerry (BB.TO), opens new tab shares fell 6.9% to the bottom of the index. n nAmong individual stocks, Bombardier (BBDb.TO), opens new tab rose 14.6% to the top of the index after the company said on Monday it had secured an order for 50 Challenger and Global aircraft in a $1.7 billion deal including a service agreement. n nMDA Space (MDA.TO), opens new tab was up 4.2% after it completed the acquisition of SatixFy Communications. n nFirst Quantum (FM.TO), opens new tab rose 5.8% after Barclays raised its price target. n nMeanwhile, U.S. data showed private payrolls unexpectedly fell in June, with job gains being smaller than estimated during the month. n nReporting by Twesha Dikshit and Sukriti Gupta in Bengaluru; Editing by Sahal Muhammed and Shreya Biswas