TSX edges higher as US-Canada tariff fight hits manufacturers

The S&P/TSX Composite Index edged 0.3% higher to close at 36,714 on Monday despite the collapse of trade talks between the US and Canada.

Canadian Prime Minister Carney said he would match US tariffs after the US imposed 50% tariffs on selected Canadian goods on Saturday.

The new duties include furniture, plastics, plywood and electrical equipment, adding to existing tariffs on steel, lumber and autos.

Manufacturers traded lower, with Magna International tumbling 6.6%, BRP down 6% and Linamar slumping 8.6%.

Still, equities rose as higher gold prices supported mining shares, with Agnico Eagle adding 1.1%, Barrick rising 1.6% and WPM gaining 2.2%.