Canada’s main stock index ended the day largely unchanged on Wednesday, as investor concerns about inflation driven by tariffs dampened market sentiment ahead of upcoming US producer price data. Trade tensions remained a key focus after US President Donald Trump imposed a 19 per cent tariff on Indonesian imports as part of a new agreement—one of several deals being finalized before a broader tariff increase set for August 1.
Meanwhile, US markets showed an upbeat performance as major banks continued to report earnings for a second consecutive day. Bank of America (NYSE:BAC) posted stronger-than-expected Q2 profits, although its net interest income fell short of analyst forecasts. Goldman Sachs (NYSE:GS) shares rose after the bank exceeded expectations for the quarter, driven by robust performance in equities trading.
| TSX | 27,152.97 | +98.83 |  |
| TSXV | 786.81 | +4.04 | |
| CSE | 125.99 | -0.95 |  |
| DJIA | 44,254.78 | +231.49 | |
| NASDAQ | 20,730.49 | +52.69 | |
| S&P 500 | 6,263.70 | +19.94 | |
The Canadian dollar traded for 73.05 cents US compared to 72.87 cents US on Tuesday.
US crude futures traded $0.17 lower at US$66.35 a barrel, and the Brent contract lost $0.21 to US$68.50 a barrel.
The price of gold was up US$21.50 to US$3,351.95.
In world markets, the Nikkei was down 14.62 points to ¥39,663.40, the Hang Seng was down 72.36 points to HK$24,517.76, the FTSE was up 11.77 points to ₤8,926.55, and the DAX was down 50.91 points to €24,009.38.
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