Canada’s main stock index jumped higher on Thursday as investor sentiment improved after US President Donald Trump softened his stance on tariffs aimed at European allies and dismissed the possibility of using force to take control of Greenland. Speaking earlier at the World Economic Forum in Davos, Switzerland, Trump reiterated that the United States would not pursue a military takeover of the Danish territory.
Trump, who has recently pressed for greater US influence over Greenland, said Wednesday on Truth Social that he and NATO Secretary General Mark Rutte had “laid the groundwork for a potential agreement on Greenland.” He later told reporters that the administration now has “a concept of a deal” involving the Arctic island.
| TSX | 33,002.70 | +151.17 |  |
| TSXV | 1,134.19 | +39.57 | |
| CSE | 184.63 | +4.30 | |
| DJIA | 49,352.04 | +274.81 | |
| NASDAQ | 23,409.97 | +185.15 | |
| S&P 500 | 6,907.82 | +32.20 | |
The Canadian dollar traded for 72.52 cents US compared to 72.29 cents US on Wednesday.
US crude futures traded US$1.50 lower at US$59.12 a barrel, and the Brent contract lost US$1.46 to US$63.78 a barrel.
The price of gold was up US$77.90 to US$4,912.38.
In world markets, the Nikkei was up 914.25 points to ¥53,688.89, the Hang Seng was up 44.90 points to HK$26,629.96, the FTSE was up 11.96 points to ₤10,150.05, and the DAX was up 295.49 points to €24,856.47.
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