Canada: TSX Closes Flat as Tech Gains Offset Broader Losses.

The S&P/TSX Composite Index closed near flat at 35,518 on Monday, as gains in technology shares offset declines in energy and financials. Tech stocks advanced, tracking strength in the Wall Street AI trade, with Shopify jumping 5.7%. Global yields remained near multi-year highs amid concerns over persistent energy-driven inflation and rising fiscal risks. Credit-sensitive stocks fell, with RBC and TD Bank down 0.5% each, BMO losing 0.7% and Scotiabank falling 0.9%. Energy stocks also declined as the oil rally stalled. Suncor (-1.2%) agreed to sell interests in three offshore oil assets to Ithaca, while Cenovus (-3%) agreed to acquire Athabasca Oil in a cash-and-stock deal. Mining shares mostly fell as gold prices pared gains, with Barrick down 0.6%.