(Stock image generated with AI.)

Canada’s main stock index pulled back from its all-time high set a day earlier, with mining stocks coming under pressure as gold prices declined. US Trade Representative Jamieson Greer reported constructive trade talks with Mexico, though negotiations with Canada have yet to achieve the concessions President Donald Trump is seeking to address trade imbalances. The Trump administration recently stated that it would not renew the USMCA, though the agreement will remain in place pending resolution of current disputes or its eventual termination.

South of the border, US markets traded lower despite healthy earnings results, as a downturn in semiconductor stocks weighed on investor sentiment.

TSX35,340.15-76.05TSX
TSXV854.37-23.42TSXV
CSE153.91-4.70CSE
DJIA52,552.97-105.67DJIA
NASDAQ25,881.95-387.28NASDAQ
S&P 5007,533.77-38.63S&P 500

The Canadian dollar traded for 71.17 cents US compared to 71.26 cents US on Wednesday.

US crude futures traded $0.69 lower at US$78.91 a barrel, and the Brent contract lost $0.71 to US$84.24 a barrel.

The price of gold was down US$62.46 to US$3,985.02.

In world markets, the Nikkei was down 1,915.97 points to ¥66,835.54, the Hang Seng was up 327.50 points to HK$25,008.60, the FTSE was up 56.32 points to ₤10,572.24, and the DAX was down 84.04 points to €24,915.49.


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