Thanks to a de-escalation in the global trade war and encouragingly soft US inflation data, Canada’s main stock index managed to gain some ground as the trading day concluded ahead of a long weekend. Investors largely welcomed the 90-day reprieve in the US-China tariff dispute, which helped ease worries about a global recession.
Hopes for further trade agreements with the US were also ignited by a bilateral deal struck with the UK just a week prior. This week’s breakthrough, where US and Chinese officials agreed to a 90-day tariff truce, propelled a strong comeback for US stocks by calming investor fears about rising global trade tensions and economic risks.
| TSX | 25,971.93 | +74.45 |  |
| TSXV | 672.84 | +5.39 | |
| CSE | 119.01 | -1.07 |  |
| DJIA | 42,654.74 | +331.99 | |
| NASDAQ | 21,427.94 | +16.62 | |
| S&P 500 | 5,958.38 | +41.45 | |
The Canadian dollar traded for 71.51 cents US compared to 71.65 cents US on Thursday.
US crude futures traded $0.75 higher at US$62.52 a barrel, and the Brent contract rose $0.74 to US$65.44 a barrel.
The price of gold was down US$33.54 to US$3,190.85.
In world markets, the Nikkei was down 1.79 point to ¥37,753.72, the Hang Seng was down 108.11 points to HK$23,345.05, the FTSE was up 50.81 points to ₤8,684.56, and the DAX was up 71.84 points to €23,767.43.
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