Canada’s main stock index felt a significant rise on Monday, following an agreement between the United States and China to temporarily reduce reciprocal tariffs. This development has boosted investor confidence and alleviated concerns about a potential full-scale trade war disrupting global markets.
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After the United States and the U.K.’s limited trade agreement and weekend discussions in Geneva, the two largest economies announced that the U.S. will lower the additional tariffs on Chinese imports from 145 per cent to 30 per cent, while China will decrease its duties on US imports from 125 per cent to 10 per cent. These new measures will be in effect for 90 days.
| TSX | 25,532.18 | +174.44 |  |
| TSXV | 674.98 | -8.42 |  |
| CSE | 119.48 | +0.36 | |
| DJIA | 42,410.10 | +1,160.72 | |
| NASDAQ | 20,868.15 | +806.70 | |
| S&P 500 | 5,844.19 | +184.28 | |
The Canadian dollar traded for 71.52 cents US compared to 71.78 cents US on Friday.
US crude futures traded US$1.26 higher at US$62.28 a barrel, and the Brent contract rose US$1.29 to US$65.20 a barrel.
The price of gold was down US$89.44 to US$3,237.83.
In world markets, the Nikkei was up 140.93 points to ¥37,644.26, the Hang Seng was up 681.72 points to HK$23,549.46, the FTSE was up 50.18 points to ₤8,604.98, and the DAX was up 67.22 points to €23,566.54.
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