Canada’s main stock index traded gains with losses on Thursday. Growth was driven by strong performances in the energy and financial sectors, supported by rising oil prices and positive economic data from the US Federal Reserve. Investors were optimistic following the central bank’s decision to maintain interest rates, which provided a boost to market sentiment.
The recent volatility on Wall Street has been largely attributed to the uncertainty surrounding new tariff announcements from President Trump. Investors are wary of the potential economic impact of these tariffs, which could affect a wide range of industries and trading partners. Federal Reserve Chair Jerome Powell acknowledged the rising concerns, noting that while the US economy remains strong, the threat of tariffs adds a layer of unpredictability to the market.
The Canadian dollar traded for 69.71 cents US compared to 69.87 cents US on Wednesday.
US crude futures traded US$1.22 higher at US$68.37 a barrel, and the Brent contract rose US$1.24 to US$72.05 a barrel.
The price of gold was up US$5.39 to US$3,038.41.
In world markets, the Nikkei remained at ¥37,751.88, the Hang Seng was down 551.19 points to HK$24,219.95, the FTSE down 0.75 point to ₤8,705.91, and the DAX was down 248.88 points to €23,039.18.
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(Top image generated with AI.)