Energy shares did a turnabout from the previous session into negative territory on Tuesday, but Canada’s main stock index rallied higher, regardless. Gains in tech and industrials shares helped mitigate further losses across the mining and health care markets on the TSX.
Traders were kept on edge as uncertainties over Donald Trump’s trade policies loomed as the US President said he “thinks” he will deploy 25 per cent duties against Canada on Feb. 1st.
US markets returned from the holiday long weekend going over the President’s first-day executive orders in the White House. He also threatened China with tariffs if it doesn’t approve a TikTok deal.
| TSX | 25,281.63 | +110.05 |  |
| TSXV | 614.17 | -4.56 |  |
| CSE | 138.36 | +0.27 | |
| DJIA | 44,025.81 | +537.98 | |
| NASDAQ | 19,756.78 | +126.58 | |
| S&P 500 | 6,047.01 | +50.35 | |
The Canadian dollar traded for 69.74 cents US compared to 69.86 cents US on Monday.
US crude futures traded US$1.79 lower at US$76.09 a barrel, and the Brent contract lost $0.63 to US$79.52 a barrel.
The price of gold was up US$34.97 to US$2,742.68.
In world markets, the Nikkei was up 125.48 points to 39,027.98, the Hang Seng was up 180.74 points to 20,106.55, the FTSE was up 27.75 points to 8,548.29, and the DAX was up 51.69 points to 21,042.00.
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(Top image generated with AI.)
