Canada’s main stock index saw little movement on Thursday, despite optimism among investors following a US federal court decision to block President Donald Trump’s April 2 tariff measures. Telecom shares led gains for the TSX.
Meanwhile, the S&P 500 edged higher, supported by a strong post-earnings rally in Nvidia (NASDAQ:NVDA) shares. However, broader market gains were limited as investors weighed the implications of the court’s rejection of Trump’s “reciprocal” tariffs. Although Wednesday’s trading session was subdued, major US indexes are still on pace to end both the week and the month with gains.
The Canadian dollar traded for 72.42 cents US compared to 72.28 cents US on Wednesday.
US crude futures traded $0.86 lower at US$60.98 a barrel, and the Brent contract lost $0.73 to US$64.17 a barrel.
The price of gold was up US$18.07 to US$3,316.29.
In world markets, the Nikkei was up 710.58 points to ¥38,432.98, the Hang Seng was up 315.07 points to HK$23,573.38 the FTSE was down 9.56 points to ₤8,716.45, and the DAX was down 104.96 points to €23,933.23.
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