Canada’s main stock index saw a modest rise on Friday, concluding a week marked by heightened tensions over US-China trade relations. Investors remained cautious, with their focus shifting to the upcoming earnings season.
In the United States, stock markets also experienced gains as traders assessed the latest developments in the ongoing tariff dispute. The week, characterized by volatile market swings, ended on a positive note despite persistent tariff concerns. President Donald Trump recently announced a temporary reduction of country-specific duties to a universal rate of 10 per cent, with the notable exception of China. Goods imported from China will face a significantly higher rate of 145 per cent, as confirmed by a White House official.
In response, China retaliated on Friday by increasing its tariffs on US products from 84% to 125 per cent The Chinese finance ministry issued a statement criticizing the US’s tariff strategy, suggesting that continued imposition of higher tariffs would ultimately be economically nonsensical and historically laughable.
| TSX | 23,587.80 | +572.93 |  |
| TSXV | 615.80 | +23.42 | |
| CSE | 109.68 | +2.26 | |
| DJIA | 40,212.71 | +619.05 | |
| NASDAQ | 16,724.46 | +337.14 | |
| S&P 500 | 5,371.96 | +103.91 | |
The Canadian dollar traded for 72.04 cents US compared to 71.42 cents US on Thursday.
US crude futures traded US$1.45 higher at US$61.52 a barrel, and the Brent contract rose US$1.40 to US$64.73 a barrel.
The price of gold was up US$68.20 to US$3,022.04.
In world markets, the Nikkei was down 1,023.42 points to ¥33,585.58, the Hang Seng was up 232.91 points to HK$20,914.69, the FTSE up 50.93 points to ₤7,964.18, and the DAX was down 188.63 points to €20,374.10.
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(Top image generated with AI.)
