Canada’s main stock index dipped on Wednesday, as investors nervously await some pretty significant US economic data releases. All told, a turbulent month heavily influenced by US trade policy is one traders are happy to put in the rear view. The utilities, industrial, telecom, and financial sectors fought for the gains on this day, while energy, tech, mining, and health care sector declines kept the TSX just under the flatline by close.
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On Tuesday, US President Donald Trump signed two orders aimed at mitigating the impact of his auto tariffs, providing credits and relief from other levies on materials. His trade team even celebrated its first agreement with a foreign trading partner. Despite these measures, the 25 per cent per cent tariffs on the eight million imported vehicles will remain in place.
Prime Minister Mark Carney’s Liberal Party, which maintained its hold on power in Monday’s election, has pledged to bolster the economy amid the trade war through increased spending, particularly on infrastructure.
The Dow Jones Industrial Average and S&P 500 both stretched their win streak to seven days, despite recent data that showed an economic decline throughout Q1 2025.
The Canadian dollar traded for 72.52 cents US compared to 72.35 cents US on Tuesday.
US crude futures traded US$2.16 lower at US$58.26 a barrel, and the Brent contract lost US$1.13 to US$63.12 a barrel.
The price of gold was down US$29.49 to US$3,294.14.
In world markets, the Nikkei was up 205.39 points to ¥36,045.38, the Hang Seng was up 111.30 points to HK$22,119.41, the FTSE was up 31.39 points to ₤8,494.85, and the DAX was up 71.15 points to €22,496.98.
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(Top image generated with AI.)