Canada’s resource-focused stock index climbed on Friday as investors took a cautious tone, given major jobs data and a US Supreme Court decision on the legality of President Donald Trump’s tariffs. Statistics Canada reported little change in employment, adding 8,200 jobs, while the unemployment rate rose 0.3 percentage points to 6.8 per cent.
US markets also finished the week higher as traders weighed two major developments. First, the Supreme Court is reviewing whether Trump’s tariffs comply with the law—an outcome that could influence both trade policy and the country’s fiscal direction. It remains unclear whether the Court will issue a ruling on Friday. Second, December’s jobs report showed an increase of 50,000 positions, falling short of expectations. The unemployment rate dropped to 4.4 per cent. Investors are also watching potential progress on Trump’s directive calling on “his representatives” to purchase US$200 billion in mortgage bonds—a move he says will help push down interest rates and lower monthly payments.
| TSX | 32,612.93 | +234.29 |  |
| TSXV | 1,052.18 | +13.40 | |
| CSE | 182.45 | +2.04 | |
| DJIA | 49,504.07 | +37.96 | |
| NASDAQ | 23,671.35 | +191.33 | |
| S&P 500 | 6,966.28 | +44.82 | |
The Canadian dollar traded for 71.87 cents US compared to 72.14 cents US on Thursday.
US crude futures traded US$1.02 higher at US$58.78 a barrel, and the Brent contract rose US$1.03 to US$63.02 a barrel.
The price of gold was up US$57.63 to US$4,509.86.
In world markets, the Nikkei was up 822.63 points to ¥51,939.89, the Hang Seng was up 82.48 points to HK$26,231.79, the FTSE was up 79.91 points to ₤10,124.60, and the DAX was up 134.18 points to €25,261.64.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
