Canada’s main stock index bounced back on Friday as investors analyzed employment data from both Canada and the US, though it still faced its largest weekly decline since September 2023. The TSX ended the week roughly 1,000 points lower than where it began.
All week, investors faced a tumultuous ride due to trade uncertainties. On Tuesday, US President Donald Trump’s 25 per cent tariffs on imports from Canada and Mexico came into effect.
However, in a turn on Thursday, Trump announced a one-month exemption for goods from both countries under a North American trade agreement. This weekend marks the end of Standard Time, with clocks moving forward on Sunday morning (around 2 a.m.).
The Dow Jones Industrial Average ended higher but also ended its worst week in nearly two years as the series of trade policy actions unsettled investors. This market downturn caused the three major averages to sustain their worst week of the year.
| TSX | 24,758.76 | +174.72 |  |
| TSXV | 614.30 | +9.06 | |
| CSE | 126.72 | +2.31 | |
| DJIA | 42,801.72 | +222.64 | |
| NASDAQ | 18,196.22 | +126.97 | |
| S&P 500 | 5,779.06 | +40.54 | |
The Canadian dollar traded for 69.57 cents US compared to 69.93 cents US on Thursday.
US crude futures traded $0.67 higher at US$67.03 a barrel, and the Brent contract rose $0.88 to US$70.34 a barrel.
The price of gold was down US$11.08 to US$ 2,909.35.
In world markets, the Nikkei was down 817.76 points to ¥36,887.17, the Hang Seng was down 138.41 points to HK$24,231.30, the FTSE was down 2.96 points to ₤8,679.88, and the DAX was down 410.54 points to €23,008.94.
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(Top image generated with AI.)