Canada’s main stock index climbed higher on Monday with the energy market leading a split for the TSX with the financial sector the biggest loser for the day, followed by tech and utilities.
Donald Trump was inaugurated to the presidency for a second time. Both the New York Times and Wall Street Journal reported that the new president won’t hit Canada with serious tariffs on his inauguration day but would instead sign an executive order to investigate accusations of unfair trade and currency practices by Canada, Mexico, and China. Oil prices slid as Trump said he would declare a national energy emergency and fill up reserves to export American energy.
Wall Street was closed for business for Martin Luther King Day.
| TSX | 25,171.58 | +103.66 |  |
| TSXV | 618.73 | +2.39 | |
| CSE | 138.09 | +1.12 | |
| DJIA | 43,487.83 | +00.00 |  |
| NASDAQ | 19,630.20 | +00.00 | |
| S&P 500 | 6,000.97 | +00.00 | |
The Canadian dollar traded for 69.86 cents US compared to 69.13 cents US on Friday.
US crude futures traded $0.99 lower at US$76.89 a barrel, and the Brent contract lost $0.93 to US$79.86 a barrel.
The price of gold was up US$4.58 to US$2,707.78.
In world markets, the Nikkei was up 451.04 points to 38,902.50, the Hang Seng was up 341.75 points to 19,925.81, the FTSE was up 17.98 points to 8,523.20, and the DAX was up 101.53 points to 21,004.92.
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(Top image generated with AI.)
