Equities in Canada’s largest centre climbed higher on Monday as investor sentiment improved following US President Donald Trump’s decision to extend the deadline for trade negotiations with the European Union. This move offered a brief reprieve from concerns about his unpredictable trade strategies. While global markets had found some stability after recent agreements between the US and both the UK and China, Trump’s latest action served as a reminder that trade tensions remain unresolved.
Markets on Wall Street were closed for the Memorial Day long weekend.
The Canadian dollar traded for 72.79 cents US compared to 72.84 cents US on Friday.
US crude futures traded $0.03 higher at US$61.56 a barrel, and the Brent contract lost $0.04 to US$64.74 a barrel.
The price of gold was down US$17.16 to US$3,341.45.
In world markets, the Nikkei was up 371.06 points to ¥37,531.53, the Hang Seng was down 318.93 points to HK$23,282.33, the FTSE was down 24.05 points to ₤9,846.03, and the DAX was up 398.07 points to €24,027.65.
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