Canada’s main stock index posted modest gains on Friday, mirroring Asian markets, as renewed trade tensions emerged following US President Donald Trump’s proposal to impose 50 per cent tariffs on imports from the European Union.
US stocks fell after President Trump reignited trade concerns by issuing a warning to Apple (NASDAQ:AAPL) and advocating for harsher tariffs on Europe.
The Canadian dollar traded for 72.84 cents US compared to 72.10 cents US on Thursday.
US crude futures traded $0.47 higher at US$61.68 a barrel, and the Brent contract rose $0.51 to US$64.95 a barrel.
The price of gold was up US$62.85 to US$3,363.39.
In world markets, the Nikkei was up 174.60 points to ¥37,160.47, the Hang Seng was up 56.95 points to HK$23,601.26, the FTSE was down 21.29 points to ₤8,717.97, and the DAX was down 369.59 points to €23,629.58.
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