The TSX pushed its positive closing streak to nine days on Friday, though it was a muted gain as traders held off on any risky moves given the uncertainty over U.S. President Donald Trump’s latest tariff threats.
The U.S. has once again threatened its allies, Canada and the European Union, with new tariffs, expressing dissatisfaction over their trade surpluses with the United States.
Earlier this week, Trump mentioned he was considering imposing 25 per cent tariffs on imports from Canada and Mexico starting February 1st.
BlackRock (NYSE:BLK) closed just over a point higher (but down on the week) as CEO Larry Fink said earlier that Trump’s initiatives to stimulate private sector capital could lead to inflationary pressures and cause the benchmark 10-year rate to approach the 5 per cent mark again.
Amazon (NASDAQ:AMZN) closed Friday down but up more than 4 points following its announcement to close its Québec facilities and cut nearly 2,000 jobs, 1,700 of which are permanent positions and is Amazon’s only unionized workforce in Canada.
Despite Friday’s losses, all three major U.S. stock averages scored their second consecutive positive week, with the S&P 500 Index reaching a new intraday high.
| TSX | 25,468.49 | +34.41 |  |
| TSXV | 621.25 | +4.31 | |
| CSE | 137.31 | +2.72 | |
| DJIA | 44,424.25 | -140.82 |  |
| NASDAQ | 21,774.01 | -126.92 | |
| S&P 500 | 6,101.74 | -16.97 | |
The Canadian dollar traded for 69.70 cents US compared to 69.56 cents US on Thursday.
US crude futures traded $0.03 lower at US$74.59 a barrel, but the Brent contract rose $0.16 to US$78.45 a barrel.
The price of gold was up US$14.63 to US$2,771.20.
In world markets, the Nikkei was down 26.89 points to 39,931.98, the Hang Seng was up 365.63 points to 20,066.19, the FTSE was down 62.85 points to 8,502.35, and the DAX was down 25.91 points to 21,385.62.
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(Top image generated with AI.)
