Canada’s main stock index kept steady on Friday, as optimism from strong US tech earnings was counterbalanced by falling commodity prices. Oil slipped due to disappointing economic data from China and increased global output, which outweighed the effects of Western sanctions on Russian exports. Speaking at a business forum held alongside the main summit, Prime Minister Mark Carney announced Ottawa’s goal to double its non-US exports within the next ten years.
Meanwhile, Presidents Donald Trump and Xi Jinping reached a one-year trade truce during their meeting in South Korea on Thursday, easing investor fears of a full-scale trade war. As part of the agreement, Trump pledged an immediate 10 per cent reduction in tariffs on Chinese goods related to fentanyl, bringing the overall tariff rate on Chinese imports down to approximately 47 per cent. In return, Beijing committed to suspend the rare-earth export restrictions introduced earlier this month for one year.
| TSX | 30,260.74 | +81.76 |  |
| TSXV | 957.88 | +4.56 | |
| CSE | 175.27 | +4.01 | |
| DJIA | 47,562.87 | +40.75 | |
| NASDAQ | 23,724.96 | +143.81 | |
| S&P 500 | 6,840.20 | +17.86 | |
The Canadian dollar traded for 71.37 cents US compared to 71.53 cents US on Thursday.
US crude futures traded $0.33 higher at US$69.90 a barrel, and the Brent contract rose $0.07 to US$65.07 a barrel.
The price of gold was up $0.35 to US$4,002.96.
In world markets, the Nikkei was up 1,085.73 points to ¥52,411.34, the Hang Seng was down 376.04 points to HK$25,906.65, the FTSE was down 48.98 points to ₤9,711.08, and the DAX was down 160.59 points to €23,258.30.
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