Canada’s stock futues held steady on Friday following an eight-day rally, as investors adopted a cautious stance amid renewed trade tensions sparked by U.S. President Donald Trump’s tariff threats
Market Numbers:
TSX : Up (0.48%) 25,434.08
TSXV: Down (0.18%) 616.94
DOW: Up (0.92%) 44,565.07
NASDAQ: Up (0.22%) 20,053.68
FTSE: Down (0.36%) 8,534.23
In the Headlines
In a video address to the World Economic Forum, Trump criticized trade surpluses held by Canada and the European Union, reiterating the possibility of new tariffs. Earlier this week, he floated the idea of imposing 25% duties on Canadian and Mexican imports starting February 1. Global markets found some relief, however, after Trump suggested a potential trade agreement with China in a separate interview.
And TD Bank said on Thursday that Chief Global Anti-Money Laundering Officer Herbert Mazariegos is stepping down immediately, as the bank takes remediation actions after it was fined by U.S. regulators for compliance failures.
Currencies Update
The Canadian dollar stayed afloat at $0.6976 U.S. dropping against the Euro by 1.90% to $0.666 and Bitcoin tacks on $698.05 or 0.47% to $150,681.80
Commodities
Natural Gas: Down (3.29%), 3.82
WTI: Down (0.12%), 74.54
Gold: Up (0.70%), 2,774.08
Copper Up (0.62%) 5.9747
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