Canada’s main stock index held steady on Friday and was set for a sixth consecutive weekly gain, as investors anticipate more trade agreements amid easing tariff tension and softer U.S. inflation data.
The Toronto Stock Exchange’s S&P/TSX composite index TSX was down 0.04% at 25,888.06 points.
On Friday, U.S. President Donald Trump said U.S. officials will send letters to countries in the coming weeks, outlining the costs associated with doing business in the United States, though he did not provide additional details.
“In Canada,…there’s an anticipation that hopefully we will be able to renegotiate our trade agreements with them and get back to a constructive relationship with the U.S,” said Ian Chong, Portfolio Manager at First Avenue Investment Counsel.
This week, the 90-day pause in the U.S.-China tariff dispute, along with the recent bilateral trade agreement between the U.S. and the UK, sparked optimism for future trade…
