TSX Gives Up Record High

The S&P/TSX Composite fell around 0.1% to below the 27,390 mark on Thursday, relinquishing its recent record highs as Canada’s commodities complex came under pressure despite easing trade tensions.

Gold lost some of its safe-haven appeal after Japan secured a tariff-cut deal and EU envoys signaled progress toward a similar pact, dragging heavyweight miners Agnico Eagle, Wheaton Precious, Barrick and Franco-Nevada down between 0.9%?and?1.7%.

Base-metals leader Teck Resources plunged around 3.5% after reporting weaker-than-expected second-quarter profits, and energy names such as Cenovus fell roughly 4?percent despite firmer crude benchmarks.

On the economic front, preliminary Statistics Canada data pointed to a roughly 1.6?percent rebound in retail sales in June.