Canada’s main stock index bounced back from early losses on Wednesday, as traders took stock of a report saying President-elect Donald Trump was considering declaring a national economic emergency to allow for new tariffs. The tech and financial sectors co-led the gaining markets on the TSX while industrials led a wide decline.
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American markets were also divided in the face of new concerns over the trajectory of interest rate cuts spurred a selloff. According to payment processing firm ADP, private sector job creation eased more than expected last month, while wages saw the slowest growth since July 2021.
| TSX | 25,051.68 | +121.79 |  |
| TSXV | 610.13 | -2.78 |  |
| CSE | 134.44 | -3.41 | |
| DJIA | 42,635.20 | +106.84 | |
| NASDAQ | 19,478.88 | -10.80 | |
| S&P 500 | 5,918.25 | +9.22 | |
The Canadian dollar traded for 69.55 cents US compared to 69.65 cents US on Tuesday.
US crude futures traded $0.90 lower at US$73.35 a barrel, and the Brent contract lost $0.84 to US$76.21 a barrel.
The price of gold was up US$12.85 to US$2,663.67.
In world markets, the Nikkei was down 102.24 points to 39,981.06, the Hang Seng was down 167.74 points to 19,279.84, the FTSE was down 1.16 point to 8,244.12, and the DAX was down 10.83 points to 20,329.94.
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(Top image generated with AI.)
