Canada’s main stock index started the week flat on Monday as investors weighed the implications of a delayed US tariff deadline and the potential for Canadian government support to major aluminum producers affected by the ongoing trade tensions. According to the head of a key industry association, Canada is exploring financial assistance for large aluminum companies such as Rio Tinto if the US maintains its 50 per cent tariff on aluminum imports over the medium term.
Meanwhile, US President Donald Trump announced on Sunday that several trade deals were nearing completion. He also stated that other nations would be informed of increased tariff rates by July 9th, with the new rates scheduled to take effect on August 1st—three weeks later than initially planned. Trump also warned of a possible 10 per cent tariff on countries that support what he described as the “Anti-American policies of BRICS,” referring to emerging economies like Brazil, Russia, India, and China.
| TSX | 27,020.28 | -15.88 |  |
| TSXV | 757.62 | +2.40 |  |
| CSE | 120.89 | -0.03 | |
| DJIA | 44,406.36 | -422.17 | |
| NASDAQ | 20,412.52 | -188.59 | |
| S&P 500 | 6,229.98 | -49.37 | |
The Canadian dollar traded for 73.18 cents US compared to 73.49 cents US on Friday.
US crude futures traded $0.93 higher at US$67.43 a barrel, and the Brent contract rose $0.88 to US$69.18 a barrel.
The price of gold was down US$4.24 to US$3,334.30.
In world markets, the Nikkei was down 223.20 points to ¥39,587.68, the Hang Seng was down 28.23 points to HK$23,887.83, the FTSE was down 16.38 points to ₤8,806.53, and the DAX was up 286.22 points to €24,073.67.
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