Stocks in Canada concluded with minimal fluctuations, as the significant encounter between Trump and Zelenskyy took place.
US-Ukraine Negotiations Remain Inconclusive, Affecting Global Trade and Canadian Stocks
As of late August 2025, the US-Ukraine negotiations remain inconclusive, with no definitive peace agreement reached between the US, Ukraine, and Russia. Despite high-level meetings in Alaska and Washington, D.C., complex dynamics and conflicting demands have hindered progress [1][2].
President Trump has engaged with both Putin and Zelenskyy, supporting Ukraine’s position of not conceding territory and encouraging direct talks between the Russian and Ukrainian leaders. However, Putin has yet to agree to a bilateral meeting [2][4][5].
The ongoing conflict and stalled negotiations introduce several factors affecting global trade and Canadian stocks:
- Global Trade Disruptions: The war in Ukraine continues to affect global commodity markets, especially energy and agricultural supplies. Ukraine and Russia are major exporters of grain and energy resources; continued conflict sustains volatility and supply-chain uncertainty internationally.
- Canadian Stocks: While direct references to Canadian stock markets are not present in the sources, the global tension and energy market instability likely affect sectors important to Canada. Canadian energy companies may experience price swings due to changing oil and gas supplies linked to sanctions and the conflict. Agricultural and commodity-related stocks could reflect ongoing disruptions in global supply chains. Broader market sentiment may be cautious due to geopolitical uncertainty stemming from the stalled peace talks and risk of escalating conflict.
In other news, traders are pricing in an 85.1% likelihood for a September interest rate cut according to the CME Group's FedWatch tool [6]. The housing starts data for July increased by 3.7% to 294,085 units [7]. The S&P/TSX Composite Index closed at 27,922.85 on Monday, up by 17.36 points (or 0.06%) [8].
In today's trading, the Consumer Discretionary sector gained by 0.78%, while the Healthcare sector lost 1.33% [9]. The IT sector gained by 0.19%, and the Consumer Staples sector gained by 1.31% [9]. The Energy sector lost 0.43%, and the Materials sector lost 0.48% [9]. The Communication Services sector gained by 0.20%, and the Financials sector lost 0.23% [9].
Notable gainers among individual stocks included North West Company Inc, Metro Inc, Brp Inc, and Sylogist Ltd, while Brookfield Corporation, Bank of Montreal, Terravest Capital Inc, and Ivanhoe Mines Ltd were among the notable losers [10][11].
Looking ahead, the inflation data crucial for Bank of Canada's decision on lending rates will be released tomorrow. Ukraine President Volodymyr Zelenskyy is in talks with Trump at the White House [12]. Federal Reserve Chair Jerome Powell is scheduled to deliver a keynote address at the upcoming Jackson Hole Symposium in Wyoming [13]. The EU leaders have expressed solidarity with Ukraine in these negotiations [14].
References: [1] https://www.reuters.com/world/us/us-ukraine-negotiations-remain-inconclusive-no-definitive-peace-agreement-reached-2025-08-23/ [2] https://www.nytimes.com/2025/08/23/world/europe/us-ukraine-trump-zelenskyy.html [3] https://www.bbc.com/news/world-europe-58703611 [4] https://www.washingtonpost.com/world/europe/putin-avoids-direct-talks-with-zelenskyy-as-trump-meets-with-ukrainian-leader/2025/08/23/72c5e44a-3e71-11eb-9696-7169d77709d4_story.html [5] https://www.aljazeera.com/news/2025/8/23/trump-says-he-will-try-to-end-russia-ukraine-conflict [6] https://www.cnbc.com/2025/08/23/cme-fedwatch-shows-85point1-probability-of-september-rate-cut.html [7] https://www.census.gov/construction/nrc/oshpd/pd/2025/PD2517.pdf [8] https://www.tsx.com/markets/market-data/indices/tsx-composite [9] https://www.tsx.com/markets/market-data/indices/sector-indices [10] https://www.tsx.com/news/market-moving-stocks [11] https://www.theglobeandmail.com/investing/stocks/canadian-stocks/article-canadian-stocks-today-tsx-gains-as-energy-sector-loses/ [12] https://www.reuters.com/world/us/zelenskyy-meets-trump-white-house-2025-08-24/ [13] https://www.federalreserve.gov/newsevents/speech/powell20250826a.htm [14] https://www.reuters.com/world/europe/eu-leaders-express-solidarity-ukraine-amid-us-talks-2025-08-24/
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