Canada’s main stock index edged up and U.S. markets climbed as investors tried to tune out the latest noise from U.S. President Donald Trump’s tariff war.
“I think everybody’s taking a wait-and-see approach,” said Allan Small, senior investment adviser at iA Private Wealth, referring to worldwide “reciprocal” tariffs on pause for at least another month.
“It would be a very bad thing for the United States to reinstate these large tariffs. So I think the market is saying that’s not going to happen and moving higher based on anticipating something good coming out of some trade negotiations.”
The S&P/TSX composite rose 37.68 points to 26,426.64. The Canadian market has benefited recently from strength in gold — a safe haven investors tend to flee to during rocky times — as well as energy and financials, Small said.
In New York, the Dow Jones industrial average was up 214.16 points at 42,519.64. The S&P 500 index was up…
