Canada’s leading stock index moved lower on Friday after comments from Federal Reserve Chair Kevin Warsh unsettled investors. Meanwhile, Canadian ambassador to Washington Mark Wiseman said Thursday that Canada would not accept a trade agreement with the United States unless it safeguarded the country’s automotive assembly and parts manufacturing sector.
Expectations for a September Federal Reserve rate hike strengthened after Warsh said recent inflation readings did not represent a shift in the overall trend. He added that the central bank still has additional work ahead before gaining confidence that inflation is returning to its 2 per cent target.
| TSX | 36,553.92 | -280.33 |  |
| TSXV | 989.16 | -14.93 | |
| CSE | 165.97 | +0.65 |  |
| DJIA | 53,559.99 | -9.45 | |
| NASDAQ | 26,402.42 | -138.93 | |
| S&P 500 | 7,711.76 | -19.23 | |
The Canadian dollar traded for 71.90 cents US compared to 72.15 cents US on Thursday.
US crude futures traded $0.19 lower at US$83.34 a barrel, and the Brent contract lost $0.50 to US$88.02 a barrel.
The price of gold was down US$156.29 to US$4,454.36.
In world markets, the Nikkei was up 273.58 points to ¥66,405.56, the Hang Seng was up 19.05 points to HK$25,584.79, the FTSE was up 31.72 points to ₤10,824.26, but the DAX was up 202.75 points to €26,569.99.
