The TSX Composite Index faded 47.74 points to conclude Tuesday at 25,291.77
The Canadian dollar picked up 0.15 cents to 70.20 cents U.S.
In corporate news, Theratechnologies received FDA approval in the U.S. for a new treatment targeting abdominal fat in HIV patients. Theratechnologies shares galloped 45 cents, or 20.4%, to 2.66.
Markets rallied on Monday after U.S. President Donald Trump indicated that not all trade levies would take effect on April 2, with some countries receiving exemptions, though specifics were lacking.
ON BAYSTREET
The TSX Venture Exchange moved into the red 2.19 points to 644.44.
The 12 TSX subgroups were evenly divided in the first hour of trade, as energy vaulted 0.9%, real-estate strengthened 0.6%, and financials were richer 0.3%.
The half-dozen laggards were weighed most by information technology, sliding 2.1%, health-care ailing 1.7%, and materials, docking 0.8%.
ON WALLSTREET
Stocks dipped on Wednesday due to pressure by tech shares, as traders continue to grapple with uncertainty on the tariff front.
The Dow Jones Industrials strode higher 207.88 points to 42,795.38.
The S&P 500 Index waned 18.14 points to 5,758.51
The NASDAQ dropped 204.90 points, or 1.1%, to 19,066.95.
Nvidia and Tesla shares each shed more than 3% in morning trading. Alphabet, Amazon and Meta each declined by more than 1%.
Investors are watching for signs that could indicate for a rise in inflation and a potential economic slowdown, particularly as President Donald Trump’s April 2 start date for reciprocal tariffs looms.
Trump said in an interview with Newsmax on Tuesday said that tariffs will likely be more “lenient than reciprocal.” That softened stance adds onto reports from earlier this week that the duties could be narrower in scope and that sector-specific tariffs are expected to be delayed.
Prices for the 10-year Treasury faded Wednesday, hiking yields to 4.36% from Tuesday’s 4.32%. Treasury prices and yields move in opposite directions.
Oil prices gained 96 cents to $69.96 U.S. a barrel.
Prices for gold advanced a dime an ounce to $3,026 U.S.
