Canada’s resource-focused stock index rose on Wednesday, supported by a third consecutive day of record-high gold prices, as escalating tensions between the United States and its NATO partners over Greenland prompted investors to seek safer assets. On Tuesday, Prime Minister Mark Carney firmly rejected Washington’s renewed tariff threats against European allies and reiterated Canada’s support for Denmark’s sovereignty over Greenland.
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Meanwhile, US President Donald Trump is expected to intensify his efforts to assert control over Greenland at the World Economic Forum in Davos, despite strong resistance from European governments. US equities staged a mild rebound after the previous session marked Wall Street’s steepest decline in three months.
| TSX | 32,851.53 | +101.25 |  |
| TSXV | 1,094.62 | +1.29 | |
| CSE | 180.29 | -1.96 |  |
| DJIA | 49,077.23 | +588.64 | |
| NASDAQ | 23,224.82 | +270.50 | |
| S&P 500 | 6,875.62 | +78.76 | |
The Canadian dollar traded for 72.29 cents US compared to 72.30 cents US on Tuesday.
US crude futures traded $0.35 higher at US$60.71 a barrel, and the Brent contract rose $0.39 to US$65.31 a barrel.
The price of gold was up US$70.93 to US$4,832.06.
In world markets, the Nikkei was down 216.46 points to ¥52,774.64, the Hang Seng was up 97.55 points to HK$26,585.06, the FTSE was up 11.31 points to ₤10,138.09, and the DAX was down 142.14 points to €24,560.98.
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