Canada’s main stock index climbed on Thursday as investors weighed new US tariff threats and looked for signs of progress in ongoing trade negotiations. The TSX’s mining sector led the gains.
On Wednesday, President Donald Trump announced a 50 per cent tariff on copper imports, set to begin on August 1st, and warned of similar 50 per cent tariffs on exports from Brazil. He also sent new tariff notices to seven smaller trading partners, adding to the 14 issued earlier in the week. Canada, aiming to finalize a trade agreement with Washington by July 21st, has indicated it may introduce retaliatory tariffs if a deal isn’t reached.
| TSX | 27,082.30 | +109.98 |  |
| TSXV | 773.44 | +15.91 | |
| CSE | 130.48 | +3.08 | |
| DJIA | 44,650.64 | +192.34 | |
| NASDAQ | 20,630.66 | +19.33 | |
| S&P 500 | 6,280.46 | +17.20 | |
The Canadian dollar traded for 73.10 cents US compared to 73.06 cents US on Wednesday.
US crude futures traded US$1.83 lower at US$66.55 a barrel, and the Brent contract lost US$1.54 to US$68.65 a barrel.
The price of gold was up US$5.59 to US$3,318.27.
In world markets, the Nikkei was down 285.39 points to ¥39,535.89, the Hang Seng was up 137.65 points to HK$24,029.97, the FTSE was up 106.58 points to ₤8,973.60, and the DAX was down 76.96 points to €24,472.60.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.