Canada’s top stock index rose on Monday, supported by stronger gold prices after a US federal government investigation into US Federal Reserve Chair Jerome Powell raised questions about the Fed’s independence and increased demand for safe‑haven assets.
In the US, equities flatlined following news that the Department of Justice had launched a criminal probe into Fed Chair Jerome Powell—seen as a significant escalation of President Donald Trump’s efforts to influence the central bank. Markets also reacted to Trump’s proposal to cap credit‑card interest rates at 10 per cent for one year, a plan critics say could reduce lending, hurt consumers, and squeeze bank profits. Financial stocks led the downturn.
| TSX | 32,874.70 | +261.77 |  |
| TSXV | 1,091.37 | +39.19 | |
| CSE | 188.37 | +5.92 | |
| DJIA | 49,590.20 | +86.13 | |
| NASDAQ | 23,733.90 | +62.56 | |
| S&P 500 | 6,977.27 | +10.99 | |
The Canadian dollar traded for 72.07 cents US compared to 71.87 cents US on Friday.
US crude futures traded $0.52 higher at US$59.64 a barrel, and the Brent contract rose $0.68 to US$64.02 a barrel.
The price of gold was up US$81.82 to US$4,591.02.
In world markets, the Nikkei remained ¥51,939.89, the Hang Seng was up 376.69 points to HK$26,608.48, the FTSE was up 16.10 points to ₤10,140.70, and the DAX was up 143.70 points to €25,405.34.
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