Canada’s benchmark stock index inched up on Thursday, even as shares of precious‑metal miners declined alongside falling commodity prices. Prime Minister Mark Carney is expected to travel to China next week as Canada seeks new trade relationships amid severe US tariffs that are straining its primary export market.
In an about-face from yesterday on Wall Street, the Dow Jones Industrial Average rose, while the NASDAQ faced pressure as investors pulled back from technology stocks. Defence companies, however, saw strong gains after President Donald Trump proposed a US$1.5 trillion defence budget for 2027 — a significant jump from the US$901 billion approved for 2026.
The Canadian dollar traded for 72.14 cents US compared to 72.16 cents US on Wednesday.
US crude futures traded US$1.37 higher at US$57.36 a barrel, and the Brent contract rose US$1.60 to US$61.56 a barrel.
The price of gold was down $0.05 to US$4,452.58.
In world markets, the Nikkei was down 844.72 points to ¥51,117.26, the Hang Seng was down 309.64 points to HK$26,149.31, the FTSE was down 3.52 points to ₤10,044.69, and the DAX was up 5.20 points to €25,127.46.
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