Despite a rough start, Canada’s main stock index rallied on Friday. Industrials was the top gainer on the TSX while metals and mining saw the most losses. All told, the index ended the week roughly 130 points higher than where it began.
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According to data released by Statistics Canada, the country’s GDP grew by 0.6 per cent in Q4, following a 0.5 per cent increase in Q3. The growth in Q4 was mainly driven by higher household consumption, increased exports, and business investments.
Meanwhile, US markets advanced as traders were eager to put a challenging week and month behind them. Market sentiment was unsettled by President Donald Trump’s usual tariff threats and recent economic reports indicating potential issues.
The Canadian dollar traded for 69.12 cents US compared to 69.23 cents US on Thursday.
US crude futures traded $0.43 lower at US$69.92 a barrel, and the Brent contract rose $0.86 to US$73.18 a barrel.
The price of gold was down US$35.72 to US$2,849.55.
In world markets, the Nikkei was down 1,100.67 points to ¥37,155.50, the Hang Seng was down 776.97 points to HK$22,941.32, the FTSE was up 53.53 points to ₤8,809.74, and the DAX was up 0.54 point to €22,551.43.
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(Top image generated with AI.)