Canada’s main stock index rallied on Friday, yet the benchmark index experienced a significant weekly decline due to the intensifying trade conflict with the United States, raising fears of an economic downturn. Former central banker Mark Carney was officially inaugurated as Prime Minister of Canada, positioning him to combat tariffs imposed by US President Donald Trump that could severely impact Canada’s trade-reliant economy.
Optimism on Wall Street increased as it seemed a government shutdown would be averted. Senate minority leader Chuck Schumer announced he would not obstruct a Republican government funding bill. Despite the positive close to Friday trading, the three major American indices ended the week between 0.7 to 2 per cent lower.
| TSX | 24,553.40 | +350.17 |  |
| TSXV | 621.13 | +7.96 | |
| CSE | 123.76 | +1.76 | |
| DJIA | 41,488.19 | +674.62 | |
| NASDAQ | 19,704.64/td> | +479.15 | |
| S&P 500 | 5,638.94 | +117.42 | |
The Canadian dollar traded for 69.55 cents US compared to 69.33 cents US on Thursday.
US crude futures traded $0.66 higher at US$66.54 a barrel, and the Brent contract rose $0.69 to US$69.81 a barrel.
The price of gold was up US$4.00 to US$2,983.78.
In world markets, the Nikkei was up 263.07 points to ¥37,053.10, the Hang Seng was up 497.33 points to HK$23,959.98, the FTSE was up 91.76 points to ₤8,634.32, and the DAX was up 419.68 points to €22,986.82.
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(Top image generated with AI.)
