PriceSensitive

@ the Bell: Stocks higher despite Supreme Court / Trump tariff drama

Market News
20 February 2026 16:17 (EST)

(Stock image generated with AI.)

After reaching record highs in the previous session, Canada’s main stock index continued its upward momentum on Friday, supported by rising gold prices as worries increased over a possible conflict between the United States and Iran.

US markets also gained after the Supreme Court overturned President Donald Trump’s broad tariff measures, easing investor concerns following weaker-than-anticipated economic data earlier in the day. The nation’s highest court ruled against Trump’s use of global tariffs that were implemented under a federal statute intended for national emergency situations.  In reaction, Trump announced he will impose a 10 per cent global tariff on top of the levies already in place.

TSX33,817.51+222.53
TSXV1,042.56+25.20
CSE165.59-2.56
DJIA49,625.97+230.81
NASDAQ22,886.07+203.34
S&P 5006,909.51+47.62

The Canadian dollar traded for 73.09 cents US compared to 73.00 cents US on Thursday.

US crude futures traded $0.06 higher at US$66.49 a barrel, but the Brent contract lost $0.08 to US$71.58 a barrel.

The price of gold was up US$106.79 to US$5,085.34.

In world markets, the Nikkei was down 642.13 points to ¥56,825.70, the Hang Seng was down 292.59 points to HK$26,413.35, the FTSE was up 59.85 points to ₤10,686.89, and the DAX was up 217.12 points to €25,260.69.


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