Canada’s main stock index gave up modest gains on Thursday, with the only growth coming from the mining sector in an otherwise broad decline. Investor sentiment remained cautious amid uncertainty surrounding a potential trade agreement ahead of President Donald Trump’s tariff deadline on Friday.
US markets also stumbled, despite robust earnings from the “Magnificent Seven” tech companies. Microsoft (NASDAQ:MSFT) shares jumped nearly 4 per cent, while Meta (NASDAQ:META) surged just over 11 per cent, both benefiting from better-than-expected quarterly results. Microsoft reported that its Azure cloud platform generated over US$75 billion in annual revenue. Meanwhile, Meta offered an optimistic sales forecast for Q3, surpassing Wall Street expectations. Other major tech players, including Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN), are scheduled to release their earnings after market close.
| TSX | 27,259.78 | -110.18 |  |
| TSXV | 770.88 | +0.75 |  |
| CSE | 131.06 | -1.74 | |
| DJIA | 44,130.98 | -330.30 | |
| NASDAQ | 21,122.45 | -7.23 | |
| S&P 500 | 6,339.39 | -23.51 | |
The Canadian dollar traded for 72.19 cents US compared to 72.24 cents US on Wednesday.
US crude futures traded $0.57 lower at US$69.43 a barrel, and the Brent contract lost $0.71 to US$72.53 a barrel.
The price of gold was down US$7.91 to US$3,291.97.
In world markets, the Nikkei was up 415.12 points to ¥41,069.82, the Hang Seng was down 403.60 points to HK$24,773.33, the FTSE was down 4.13 points to ₤9,132.81, and the DAX was down 196.75 points to €24,065.47.
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