logo
S&P/TSX composite edges up, U.S. markets mixed as Aug. 1 tariff deadline looms

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.
Companies in this story: (TSX: GSPTSE, TSX: CADUSD)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cornish Metals Announces Exercise of Stock Options and Issue of Equity
Cornish Metals Announces Exercise of Stock Options and Issue of Equity

Toronto Star

time30 minutes ago

  • Toronto Star

Cornish Metals Announces Exercise of Stock Options and Issue of Equity

VANCOUVER, British Columbia, July 23, 2025 (GLOBE NEWSWIRE) — Cornish Metals Inc. (AIM/TSX-V: CUSN) ('Cornish Metals' or the 'Company'), a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, announces the exercise of stock options for 800,000 common shares without par value at an exercise price of 10 cents per common share ('New Shares') for an aggregate consideration of C$80,000 (equivalent to £43,316). The New Shares will rank pari passu with the existing shares and application has been made for the 800,000 New Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings in the New Shares will commence at 8:00am on or around July 28, 2025. The New Shares will also trade on the TSX Venture Exchange.

India against unilateral sanctions against Russian oil refineries
India against unilateral sanctions against Russian oil refineries

Canada News.Net

timean hour ago

  • Canada News.Net

India against unilateral sanctions against Russian oil refineries

NEW DELHI, India: India has firmly rejected the European Union's latest round of sanctions on Russia, asserting that it does not recognize unilateral punitive measures. The Ministry of External Affairs (MEA) made the statement following the EU's announcement of its 18th sanctions package targeting Russia's energy sector amid the ongoing war in Ukraine. The sanctions, described by EU foreign policy chief Kaja Kallas in Brussels as "one of the strongest to date," include a lowered oil price cap and restrictions on 105 vessels allegedly part of Russia's shadow fleet. Notably, the EU also flagged India's Vadinar Refinery, which has significant investment from Russia's state-owned oil giant Rosneft. Responding to the move, MEA spokesperson Randhir Jaiswal stated, "India does not subscribe to any unilateral sanction measures." He emphasized India's commitment to its international obligations while defending its sovereign right to ensure energy security for its population. "Providing energy security to meet the basic needs of our citizens remains a top priority," he said, adding, "There must be no double standards, particularly concerning energy trade." Kallas reiterated the EU's resolve to continue pressuring Moscow: "Europe will not back down in its support for Ukraine. This is a clear message to Russia." Ukrainian President Volodymyr Zelenskyy welcomed the measures, calling them "timely and necessary" in light of escalating Russian attacks. He also announced that Ukraine would align its sanctions with those of the EU and introduce additional measures. The Kremlin dismissed the sanctions. Spokesman Dmitry Peskov called them "unlawful" and claimed Russia has developed "immunity" against such restrictions. "We will assess the new measures and take steps to minimize their impact," he said. Meanwhile, the United Kingdom joined the crackdown, imposing sanctions on Russia's GRU military intelligence units and 18 officers allegedly linked to a 2022 bombing in southern Ukraine and other covert operations. The EU's proposed oil price cap, set initially at US$60 per barrel, has now been lowered to just under $48—a figure below current market rates. The European Commission had sought wider international backing for the cap, particularly from G7 nations, but failed to win support from the U.S. under the Trump administration. Oil remains a vital pillar of Russia's economy, allowing President Vladimir Putin to sustain military spending while shielding the public from severe economic fallout.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store