Canada’s main stock index was headed for a record high on Friday, as a better-than-expected U.S. jobs report and signs of easing trade tensions between Washington and China fueled investor optimism.
The Toronto Stock Exchange’s S&P/TSX composite index TSX was up 0.6% at 26,486.37 points. The index was set to eclipse Tuesday’s record closing high of 26,426.64 if gains hold.
U.S. nonfarm payrolls rose by 139,000 jobs last month, data released on Friday showed, while economists polled by Reuters had expected a job growth of 130,000.
Meanwhile, White House trade adviser Peter Navarro said on Friday that a planned meeting between U.S. and Chinese officials on trade is expected within seven days, giving hope that the trade war between the world’s two largest economies might de-escalate.
Separately, China on Friday called to improve bilateral ties with Canada.
Earlier this week, U.S. President Donald Trump had doubled tariffs…
