TORONTO — Strength in technology and utility stocks pushed Canada’s main stock index higher on Thursday, while U.S. stock markets were down after a choppy day of trading.
The S&P/TSX composite index closed up 56.90 points at 24,846.20.
In New York, the Dow Jones industrial average was down 68.42 points at 43,153.13. The S&P 500 index was down 12.57 points at 5,937.34, while the Nasdaq composite was down 172.95 points at 19,338.29.
Canadian and U.S. markets are seeing a lot of volatility right now as president-elect Donald Trump’s inauguration looms, said Adelaide Chiu, portfolio manager, vice-president and head of responsible investing at NEI Investments.
Trump has threatened significant tariffs on Canadian imports, so whether he follows through and whether Canada retaliates is the “biggest unknown,” she said.
“There’s definitely a lot of volatility in the market because of that.”
Prime Minister Justin…
