Canada’s main stock index saw its second 200-plus point gain of the week, driven by the White House’s indications of potential automotive tariff exemptions. On Monday, US President Trump hinted at possible exemptions for the 25 per cent tariffs on imports of autos and auto parts from Mexico, Canada, and other regions. Oil prices remained largely stable as the new tariff exemptions and a rebound in Chinese oil imports were balanced by the International Energy Agency following OPEC in lowering its oil demand forecast.
US stock futures showed little movement on Tuesday after the S&P 500 achieved consecutive winning sessions. Investors also evaluated a new batch of first-quarter earnings reports.
The Canadian dollar traded for 71.62 cents US compared to 72.06 cents US on Monday.
US crude futures traded $0.04 lower at US$61.49 a barrel, and the Brent contract lost $0.06 to US$64.82 a barrel.
The price of gold was up US$22.15 to US$3,231.51.
In world markets, the Nikkei was up 285.18 points to ¥34,267.54, the Hang Seng was up 48.87 points to HK$21,466.27, the FTSE up 114.78 points to ₤8,249.12, and the DAX was up 298.87 points to €21,253.70.
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(Top image generated with AI.)