Canada’s main stock index continued its downward trend on Friday, with the energy, base metal, and technology sectors all faced pressure on the TSX. US stock markets also experienced a pullback.
UnitedHealth (NYSE:UNH) saw a drop of over 7 per cent, impacting the Dow, following a report by The Wall Street Journal that the Justice Department is investigating the insurer. This decline marked the stock’s worst day since March 2020.
The White House warned Ukrainian President Volodymyr Zelensky to cease his criticism of US President Trump and to agree to a deal involving the transfer of US$500 billion worth of rare earth minerals and other resources as compensation for US wartime aid.
The Canadian dollar traded for 70.27 cents US compared to 70.56 cents US on Thursday.
US crude futures traded US$2.14 lower at US$70.34 a barrel, and the Brent contract lost US$2.12 to US$74.36 a barrel.
The price of gold was down US$3.68 to US$2,936.59.
In world markets, the Nikkei was up 98.90 points to ¥38,776.94, the Hang Seng was up 900.94 points to HK$23,477.92 the FTSE was down 3.60 points to ₤8,659.37, and the DAX was down 27.09 points to €22,287.56.
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(Top image generated with AI.)