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Daily Market Close: Markets rise on trade talk hopes and sector gains | June 3, 2025
Stockhouse
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7 months ago
The Market Online brings you the news as the Canadian Markets Close.
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00:00
Equities trading in Canada's largest centre continued their upward momentum on Tuesday,
00:09
driven by gains in the energy and utility sectors.
00:12
The Bank of Canada will provide its interest rate update on Wednesday.
00:16
Meanwhile, U.S. markets rallied following reports that President Donald Trump
00:21
and Chinese President Xi Jinping are expected to hold talks this week to address trade tensions.
00:27
Shortly after, Trump accused China of breaching a deal to ease tariffs and trade barriers.
00:33
The TSX was up 37 points, while the venture rose almost 10.
00:38
On Wall Street, the Dow added 215 points and the Nasdaq gained 156.
00:48
The highest-gaining TSX stocks of the day were Northcliffe Resources up 50%,
00:53
Algoma Steel rose 28% and Avalon Advanced Materials was up 33%.
01:04
As for the stock seeing the biggest drop, it was a tie for first.
01:07
Extra Technologies and Appley Therapeutics both down 25%,
01:11
followed by RTG Mining which gave up 12.5%.
01:14
That's it for this market update.
01:16
Thanks for watching.
01:17
I'm Jonathan Brown and I will see you next time.
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