After a couple of record-breaking sessions, Canada’s main stock index saw reduced growth on Wednesday, weighed down by declines in tech shares. This came as gold and silver reached new highs and oil prices had an early rally under escalating geopolitical tensions. Attention is also on Prime Minister Mark Carney’s visit to China, as Canada looks to reduce its reliance on US trade.
On Tuesday, President Donald Trump remarked that the US-Mexico-Canada trade agreement held little significance for the United States, stating, “Canada would love it. Canada wants it. They need it.” The pact is scheduled for review later this year. Meanwhile, high-stakes discussions are set for Wednesday between the Trump administration and officials from Greenland and Denmark, as Trump presses for US control over Greenland. The president maintained a firm stance ahead of the talks, calling any outcome short of Greenland becoming part of the United States “unacceptable.”
| TSX | 32,916.47 | +46.11 |  |
| TSXV | 1,090.33 | -7.72 |  |
| CSE | 187.13 | +2.73 | |
| DJIA | 49,149.63 | -42.36 | |
| NASDAQ | 23,471.75 | -238.12 | |
| S&P 500 | 6,926.60 | -37.14 | |
The Canadian dollar traded for 72.02 cents US compared to 72.03 cents US on Tuesday.
US crude futures traded $0.77 lower at US$60.38 a barrel, and the Brent contract lost $0.75 to US$64.72 a barrel.
The price of gold was up US$27.92 to US$4,619.61.
In world markets, the Nikkei was up 792.07 points to ¥54,341.23, the Hang Seng was up 151.34 points to HK$26,999.81, the FTSE was up 47.00 points to ₤10,184.35, but the DAX was down 134.42 points to €25,286.24.
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