Canada Stocks: TSX edges higher as real estate, financial stocks gain

FIRSTSERVICE

24/07/2026 16:00

Real estate shares rebound 
OnexCorp, FirstService Corp among top gainers
Investors assess new US tariffs 
By Sudeshna Ghoshal

    July 24(Reuters) - Canada's main stock index edged higher on Friday, lifted by gains in real estate and financial shares, as investors assessed fresh U.S. earnings and monitored developments in the Middle East.
The S&P/TSX Composite index .GSPTSE was up 0.2% at 35,281.33 points by 10:30 a.m. ET.
Financial shares were among the biggest gainers, with Onex Corp ONEX.TO and Power Corporation of Canada POW.TO up over 2% each. 
Real estate stocks .GSPTTRE advanced 0.8%, reversing the previous session's declines. Colliers International Group CIGI.TO, FirstService Corp FSV.TO and Altus Group AIF.TO led gains in the sector.
Heavyweight materials .GSPTTMT, which include miners, gained 0.6% as gold prices held steady. GOL/
Brent crude retreated from above $100 a barrel as investors assessed developments in the Middle East conflict and their implications for inflation ahead of the U.S. interest rate decision next week. O/R
Energy stocks .SPTTEN gained 0.3% even as oil prices dipped. 
U.S. President Donald Trump announced on Monday new 50% tariffs on a variety of Canadian products to take effect on August 19.

        "We know that the Trump administration deliberately missed the deadline to renew the USMCA trade agreement. What we would infer from that is there is a desire on the part of the U.S. administration to use trade uncertainty as ongoing points of negotiating leverage," said Brian Madden, chief investment officer at First Avenue Investment Counsel.
      

        "I wouldn't say investors are totally ignoring it, but they're not reacting to it as sort of violently," Madden added.
      
On Thursday, Prime Minister Mark Carney had said Canada will do whatever it takes to defend its workers, farmers and businesses in a trade war with the U.S.

 (Reporting by Sudeshna Ghoshal in Bengaluru; Editing by Sahal Muhammed)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))