Equities trading in Canada’s largest centre fluctuated between gains and losses on Friday, as strength in the financials sector was offset by declines in mining and energy stocks. This came after fears of immediate US military involvement in the Israel-Iran conflict eased temporarily. On Thursday, the White House stated that President Donald Trump would decide within two weeks on whether the US would join Israel in the conflict.
Meanwhile, US markets remained relatively flat. Federal Reserve Governor Christopher Waller expressed a more optimistic outlook than Fed Chair Jerome Powell had earlier in the week, suggesting that inflation was subdued enough to allow for a potential interest rate cut at the Fed’s next meeting.
| TSX | 26,497.57 | -8.43 |  |
| TSXV | 711.18 | -4.79 | |
| CSE | 117.36 | -0.55 | |
| DJIA | 42,206.82 | +35.16 |  |
| NASDAQ | 19,447.41 | -98.86 | |
| S&P 500 | 5,967.84 | -13.03 | |
The Canadian dollar traded for 72.82 cents US compared to 72.97 cents US on Thursday.
US crude futures traded $0.14 lower at US$75.00 a barrel, and the Brent contract lost US$1.55 to US$77.30 a barrel.
The price of gold was down US$8.58 to US$3,365.42.
In world markets, the Nikkei was down 85.11 points to ¥38,403.23, the Hang Seng was up 292.74 points to HK$23,530.48, the FTSE was down 17.15 points to ₤8,774.65, and the DAX was up 293.17 points to €23,350.55.
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