Canada’s main stock index gained on Monday as investors worldwide grew more cautious after US President Donald Trump threatened to impose tariffs on eight European countries unless the United States was permitted to purchase Greenland.
Trump announced on Saturday that he intended to introduce an additional 10 per cent tariff on imports from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and the United Kingdom starting February 1. He added that the tariff rate would rise to 25 per cent by June 1 if no deal regarding Greenland was reached.
markets were closed for Martin Luther King Day.
| TSX | 33,090.96 | +50.41 |  |
| TSXV | 1,086.12 | -5.01 |  |
| CSE | 185.54 | -2.75 | |
| DJIA | 49,359.33 | 0.00 |  |
| NASDAQ | 23,515.39 | 0.00 | |
| S&P 500 | 6,940.01 | 0.00 | |
The Canadian dollar traded for 72.10 cents US compared to 71.86 cents US on Friday.
US crude futures traded $0.09 higher at US$59.43 a barrel, and the Brent contract rose $0.04 to US$64.17 a barrel.
The price of gold was up US$74.55 to US$4,670.89.
In world markets, the Nikkei was down 352.60 points to ¥53,583.57, the Hang Seng was down 281.06 points to HK$26,563.90, the FTSE was down 39.94 points to ₤10,195.35, and the DAX was down 338.07 points to €24,959.06.
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