S&P/TSX composite edges up, U.S. markets mixed as Aug. 1 tariff deadline looms
TORONTO — Canada's main stock index saw modest gains Tuesday and U.S. markets were mixed as the latest U.S. tariff deadline approaches with relatively little fanfare.
The S&P/TSX composite index was up 47.43 points at 27,364.43.
In New York, the Dow Jones industrial average was up 179.37 points at 44,502.44. The S&P 500 index rose 4.02 points at 6,309.62, while the Nasdaq composite was down 81.49 points at 20,892.69.
The Canadian dollar traded at 73.34 cents US compared with 73.03 cents US on Monday.
The September crude oil contract was down 64 cents US at US$65.31 per barrel.
The August gold contract was up US$37.30 at US$3,443.70 an ounce.
---
This report by The Canadian Press was first published July 22, 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
12 minutes ago
- CTV News
Sydney Mines Heritage Festival brings hundreds to Main Street
Hundreds of people gathered in Sydney Mines, N.S., for the community's annual heritage festival. (Ryan MacDonald/CTV News) Hundreds of people filled the main street of Sydney Mines, N.S., over the weekend for the community's annual heritage festival. This year marked the fourth year for the Sydney Mines Heritage Festival, previously know as the Johnny Miles Festival until 2022. In recent years, the festival has been organized by New Deal Holdings of Sydney Mines. A section of Main Street was closed to traffic for the weekend, where vendors sold their goods and musicians performed on stage. Organizers said this year's attendance was the best with many people coming from others parts of the region. 'There's also a sense of pride when the folks come from away', said Dave Julian, a festival organizer and president & CEO of New Deal Holdings. 'They're home for the summer and they see this on the main street, and they say 'You know what? This is the way it was when I was growing up.' That's kind of what we're trying to do again.' Julian added that next year's festival will be a special one, as it will mark the 100th anniversary of Sydney Mines native Johnny Miles' first victory at the Boston Marathon in 1926 (he also won in 1929). He said plans are already in the works to make next year's heritage festival bigger and better, and to further incorporate Miles' memory and his accomplishments as an athlete and a citizen. The three-day event wrapped up on Sunday evening. For more Nova Scotia news, visit our dedicated provincial page
National Post
12 minutes ago
- National Post
Trump and EU strike deal for 15 per cent tariffs on most goods, avoiding trade war
The United States and the European Union agreed on Sunday to a trade framework setting a 15 per cent tariff on most goods, staving off — at least for now — far higher imports on both sides that might have sent shockwaves through economies around the globe. Article content The sweeping announcement came after President Donald Trump and European Commission chief Ursula von der Leyen met briefly at Trump's Turnberry golf course in Scotland. Their private sit-down culminated months of bargaining, with the White House deadline Friday nearing for imposing punishing tariffs on the EU's 27-member countries. Article content Article content 'It was a very interesting negotiation. I think it's going to be great for both parties,' Trump said. The agreement, he said, was 'a good deal for everybody' and 'a giant deal with lots of countries.' Article content Article content As with other recent tariff agreements that Trump announced with countries including Japan and the United Kingdom, some major details remain pending in this one. Article content Trump said the EU had agreed to buy some $750 billion worth of U.S. energy and invest $600 billion more than it already is in America — as well as make a major military equipment purchase. He said tariffs 'for automobiles and everything else will be a straight across tariff of 15 per cent' and meant that U.S. exporters 'have the opening up of all of the European countries.' Article content Von der Leyen said the 15 per cent tariffs were 'across the board, all inclusive' and that 'indeed, basically the European market is open.' Article content Article content Article content At a later news conference away from Turnberry, she said that the $750 billion in additional U.S. energy purchases was actually over the next three years — and would help ease the dependence on natural gas from Russia among the bloc's countries. Article content 'When the European Union and the United States work together as partners, the benefits are tangible,' Von der Leyen said, noting that the agreement 'stabilized on a single, 15 per cent tariff rate for the vast majority of EU exports,' including cars, semiconductors and pharmaceuticals. Article content '15 per cent is a clear ceiling,' she said. Article content But von der Leyen also clarified that such a rate wouldn't apply to everything, saying that both sides agreed on 'zero for zero tariffs on a number of strategic products,' like all aircraft and component parts, certain chemicals, certain generic drugs, semiconductor equipment, some agricultural products, natural resources and critical raw materials.
CBC
43 minutes ago
- CBC
B.C. wineries call out high fees imposed by Alberta
Premier Danielle Smith often says Alberta wants to lead the way in improving interprovincial trade, but a hefty new fee on wine has B.C. wineries calling out the high cost of selling in the neighbouring province.
