TSX, U.S. markets rally Friday, gold price tops US$3,000 an ounce for first time

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TORONTO — Canada’s main stock index gained 1.5 per cent Friday, rallying alongside U.S. markets to end an otherwise grim week for equities, while the price of gold topped US$3,000 an ounce for the first time ever. It’s been almost two weeks since U.

TORONTO — Canada’s main stock index gained 1.5 per cent Friday, rallying alongside U.S. markets to end an otherwise grim week for equities, while the price of gold topped US$3,000 an ounce for the first time ever.

It’s been almost two weeks since U.S. President Donald Trump levied tariffs on Canadian and Mexican goods, and what’s followed has been a series of exemptions, delays, new tariffs and threats of more levies to come. Markets have responded negatively and with a heavy dose of volatility, with the S&P 500 touching correction territory as of Thursday.

Market watchers shouldn’t take Friday’s rally as a sign that everything is back on track, said…

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