Equities in Canada’s largest centre rode the flatline on Friday, as investors kept a close eye on corporate earnings and developments surrounding US President Donald Trump’s nomination for a vacant seat on the Federal Reserve’s board.
Trump announced his intention to appoint Stephen Miran, the current Chairman of the Council of Economic Advisers, to temporarily fill the open position on the Fed’s governing board. This interim appointment will last while the White House continues its search for a permanent board member and a new Federal Reserve Chair.
Meanwhile, US markets pushed higher, following two out of three losing sessions for the Dow Jones Industrial Average. The rise came as Trump’s “reciprocal” tariffs took effect at midnight Thursday, with some of the highest rates targeting Laos and Myanmar at 40 per cent as well as Syria at 41 per cent.
| TSX | 27,758.68 | -2.59 |  |
| TSXV | 787.22 | -1.83 | |
| CSE | 139.41 | +0.40 |  |
| DJIA | 44,175.61 | +206.97 | |
| NASDAQ | 21,450.02 | +207.32 | |
| S&P 500 | 6,389.45 | +49.45 | |
The Canadian dollar traded for 72.68 cents US compared to 72.77 cents US on Thursday.
US crude futures traded $0.27 lower at US$63.61 a barrel, and the Brent contract lost $0.04 to US$66.39 a barrel.
The price of gold was up US$9.25 to US$3,396.68.
In world markets, the Nikkei was up 761.33 points to ¥41,820.48, the Hang Seng was down 222.81 points to HK$24,858.82, the FTSE was down 5.04 points to ₤9,068.58, and the DAX was down 29.64 points to €24,162.86.
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