Canada’s main stock index moved higher on Monday, aligning with a global rally after US President Donald Trump eased some of his tariffs. The thought of a US$3,500 American-made iPhone seemed to be too much for the public to handle.
The White House decided to exempt smartphones, computers, semiconductor memory chips, and flat panel displays from the reciprocal tariffs imposed on China, which constitutes 23 per cent of US imports from the country.
The Canadian dollar traded for 72.06 cents US compared to 72.04 cents US on Friday.
US crude futures traded $0.15 higher at US$61.65 a barrel, and the Brent contract rose $0.24 to US$65.00 a barrel.
The price of gold was down US$27.77 to US$3,210.50.
In world markets, the Nikkei was up 396.78 points to ¥33,982.36, the Hang Seng was up 502.71 points to HK$21,417.40, the FTSE up 170.16 points to ₤8,134.34, and the DAX was up 580.73 points to €20,954.83.
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(Top image generated with AI.)