Canada’s main stock index powered higher on Thursday as investors evaluated the implications of the US administration’s fluctuating stance on tariffs.
Global markets have been tense, reacting to daily updates about potential trade wars. Traders have observed unprecedented activity, with a $10 trillion global market fluctuation over just 10 days.
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US stocks stretched their winning run to three days, buoyed by hopes that trade tensions between the US and China might ease, at first. Earlier this week, President Donald Trump expressed a willingness to adopt a less confrontational approach in trade discussions with Beijing. However, China announced overnight that no trade talks were occurring with the US and called for the cancellation of “unilateral” tariffs.
| TSX | 24,727.53 | +254.85 |  |
| TSXV | 650.35 | +14.92 | |
| CSE | 119.75 | +6.64 | |
| DJIA | 40,093.40 | +486.83 | |
| NASDAQ | 19,214.40 | +521.14 | |
| S&P 500 | 5,484.77 | +108.91 | |
The Canadian dollar traded for 72.17 cents US compared to 72.00 cents US on Wednesday.
US crude futures traded $0.41 higher at US$62.68 a barrel, and the Brent contract rose $0.30 to US$66.42 a barrel.
The price of gold was down US$55.32 to US$3,340.68.
In world markets, the Nikkei was up 170.52 points to ¥35,039.15, the Hang Seng was down 162.86 points to HK$21,909.76, the FTSE was up 4.26 points to ₤8,407.44, and the DAX was up 102.54 points to €22,064.51.
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(Top image generated with AI.)
